PTM subsidiary, Capricorn municipality ink plan to increase water supply

Waterberg JV Resources, the operating company of the Waterberg Joint Venture (JV), has entered into an agreement with the Capricorn district municipality, in Limpopo, to jointly develop a water supply management plan to increase the water supply and infrastructure capacity for both the local community and the Waterberg mine. The Waterberg JV is owned by Platinum Group Metals (PTM), with a 37.05% stake; Japan Oil, Gas and Metals National Corporation, with a 21.95% stake; black economic empowerment partner Mnombo Wethu Consultants, with a 26% stake; and Impala Platinum, with a 15% interest.