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.

Potential Job Creation
Not stated.

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
The project was 96% complete in the year to December 31, 2017, with only engineering-related construction work on 14 and 15 levels remaining.

Project progress remains aligned with production requirements.

Project expenditure for 2017 amounted to R34-million, bringing expenditure for the project to date to R1.07-billion. RBPlat’s cost estimate at completion remains at R1.2-billion, indicating a saving of about R200-million.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
The project remains below budget and on schedule.

Contact Details for Project Information
RBPlat executive: corporate affairs Mpueleng Pooe, tel +27 10 590 4515 or email mpueleng@bafokengplatinum.co.za, or investor relations manager Lindiwe Montshiwagae, tel +27 10 590 4517 or email lindiwe@bafokengplatinum.co.za.
Amplats corporate communications, Mpumi Sithole, tel +27 11 373 6246, fax +27 11 373 5846 or email Mpumi.sithole@angloamerican.com.