Police and protestors clash at Ivanhoe mine in South Africa

Police charged at demonstrators near Ivanhoe Mines Ltd. (TSX:IVN)’s Platreef platinum project in South Africa, as they protested against , set to become one of the world’s largest,

According to police officers shot rubber bullets at over 100 locals, arresting three:

“Ivanhoe Mines is confident that the overwhelming majority of people in our host communities support the Platreef Project,” the company said in an e-mailed response to queries. “The company will not be held hostage by a small group of professional, self-serving agitators whose agenda and conduct is contrary to the majority interests.”

Last month the Vancouver-based company said that it had no choice but to lay-off about 325 people at the project, after waiting more than four months for a mining permit.

But the approval in early November means that measure won’t be necessary, the company said.

Based on a preliminary economic assessment, the Platreef project could mine eight million tonnes a year yielding 785,000 ounces of platinum, palladium, rhodium and gold. According to the company, this would make it Africa's lowest-cost producer of platinum-group metals.

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