Eastplats has received a R23-million loan to increase underground production at its Crocodile River Mine, located in the Bushveld Complex near Brits. The funding, equivalent to C$2 million, will support expansion efforts at the shallow, long-life platinum group metals (PGM) mine. The Bushveld Complex is a globally significant mineral-rich region, housing about 80% of the world’s PGM-bearing ore. Eastplats is currently mining and processing at the site, aiming to enhance output through the new investment. The company operates in a key area for platinum and other precious metals, contributing to South Africa’s mining sector. The loan will help the company scale operations and improve efficiency in extraction and processing. This move highlights ongoing efforts by mining firms to boost production in critical mineral regions. The funding underscores the importance of the Bushveld Complex to the country’s economy and global supply chains. (sundayworld.co.za)