Valterra Platinum Bets on Underground Mining Project

🇿🇦 Bloomberg (ZA) —

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Valterra Platinum plans to extend its Mogalakwena operations underground through the Sandsloot project, targeting higher-grade ore. CFO Sayurie Naidoo says the project fits the company's strategy of prioritizing value over production volume.

South Africa's Valterra Platinum is the world's largest miner of platinum group metals by market cap, and Valterra's Mogalakwena facility is the world's largest open-pit platinum mine. The company plans to take its operations in a new direction, tunneling down for higher-grade underground ore with a project called Sandsloot. On Bloomberg Chief Future Officer, Valterra Platinum CFO Sayurie Naidoo tells Jennifer Zabasajja why the underground extension is a perfect fit with the company's "value over volume" strategy. (Source: Bloomberg)

Markets Deals Commodities Valterra Platinum Sandsloot Mogalakwena platinum underground mining South Africa

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