Name of the Project
Bafokeng Rasimone Platinum Mine (BRPM) North Shaft Merensky Phase III project.
Location
North West, South Africa.
Client
BRPM Joint Venture (JV), comprising Royal Bafokeng Platinum (RBPlat) and Anglo American Platinum (Amplats).
Project Description
The BRPM Phase III project is providing further replacement for Merensky production at the North shaft complex through the extension of the existing decline system from Level 10 to Level 15 at the mine boundary.
At steady state, Phase III will maintain the production level of the North shaft at about 100 000 t/m.
Net Present Value/Internal Rate of Return
Not stated.
Value
R1.409-billion.
Duration
The project started in November 2010 and is scheduled for completion in 2018.
Latest Developments
RBPlat reported in its annual report released in February this year that the project at the end of 2016 was 94% complete, with all capital development complete and only the Level 14 and Level 15 construction-related scope, which was deferred to 2017, remaining.
The deferment will have no impact on the mine extraction plan, as project completion remains aligned with the revised project milestone dates.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
The project remains below budget, with expenditure for 2016 amounting to R44-million and R1.04-billion for the project to date.
Contact Details for Project Information
RBPlat executive for corporate affairs Mpueleng Pooe, tel +27 10 590 4515 or
email mpueleng@bafokengplatinum.co.za.
Amplats corporate communications, Mpumi Sithole, tel +27 11 373 6246, fax +27 11 373 5846 or email Mpumi.sithole@angloamerican.com.