The chrome tailings processor briefed institutional investors last week on plans for two new platinum recovery plants to start production in coming weeks. Two more plants and three chrome washing facilities will be developed by late 2008. Final drilling results from its Everest North platinum deposit will be released next month. The mine may cost around £36 million to bring into production next year and will be half paid for by joint venture partner East Plats, the rest coming from a mix of debt and cash from Sylvania's tailings production. Investors should be in line for dividends from 2009. FTSE 250-miner Aquarius Platinum (AQP) has signed up for metal from Everest North.
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