Braemore Resources has announced that it will list on the main board of the Johannesburg Securities Exchange (JSE) on July 16th.

The listing on the JSE is a major step for the firm, which has the licence to the Mintek ConRoast smelting technology.

David Russell, the acting Chief Executive Officer of the firm, claimed that it was part of the firm's plan to become the first black-empowered independent platinum group metals smelting business.

He told Mining Weekly that Braemore was keen on increasing its "exposure to mining operations" through business deals to make the ConRoast technology available to more companies in the platinum business.

The ConRoast process is able to recover platinum from ores to give a high return on the precious metal.

It allows higher returns than traditional methods used by many major platinum companies and Braemore Resources has the patent.

Earlier this year Braemore announced that production of platinum group metals and gold reached 11,000 oz from granulated alloy in the first six months to March 2008.



Source:

Braemore to make JSE debut on July 16, 09/07/08
http://www.miningweekly.com/article.php?a_id=137603