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01 March 2019

Rustenburg – Linhleko Projects hosted a successful business launch on Monday 18 February.
During the launch Linhleko celebrated their corporation agreement with FLSmidth.

This partnership consists of a 50/50 profit-sharing agreement in which Linhleko will have guaranteed access to FLSmidth’s reflux classifier (RC) technology to enhance chrome recovery at Sibanye-Stillwater’s Waterval operation.


Linhleko signed an agreement with Sibanye whereby they will build, own and operate a RC modular plant that will produce chromite concentrate by processing material from Sibanye-Stillwater’s Waterval’s waste dumps.


The launch of Linhleko’s steel fabrication workshop was another highlight at the event.


In an interview with Platinum Weekly chief executive officer (CEO) of Linhleko Projects Buang Moloto said: “Regarding the waste chrome recovery agreement, we have a great sense of pride, that as a local Rustenburg-based company, we have partnered with reputable multinational companies to deliver value that will ensure significant market penetration for our technology partner, FLSmidth, for its novel RC Technology.

We will also have a positive contribution to our client’s cash flow, net present value (NPV) and asset base. 

From left: deputy minister of trade and industry Bulelani Magwanishe, CEO of Linhleko Projects Buang Moloto and deputy minister of mineral resources Godfrey Oliphant.
President of FLSmidth Manfred Schaffer who flew in from Denmark to attend the event.

 

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