After nearly five years of an operational hiatus, Eastern Platinum (Eastplats) is talking of mining tailings at its long-suspended Crocodile River mine near Brits, entering an agreement with little-known Union Goal Offshore Solution to start the project in 2018.Eastplats, which is listed in Toronto and Johannesburg, has been through a torrid time since suspending its Crocodile River mine in 2013, with on-again, off-again deals with Chinese buyers of assets that failed to materialise, a board coup and legal action.However, in the first tangible sign that the new board is intent on bringing a cash-generating asset back into production at the moribund company, it has said in a notice to the JSE that it and its South African subsidiary Barplats had agreed to a funding and off-take deal with Hong Kong’s Union Goal to build a plant at Crocodile River in seven months’ time so as to start extracting chrome from the Zandfontein tailings.A Hong Kong company directory website said Union Goal, ...
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