Name of the Project
Bafokeng Rasimone Platinum Mine (BRPM) North Shaft Merensky Phase III project.

Location
North West, South Africa.

Project Owner/s
Royal Bafokeng Platinum.

Project Description
The 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.

Capital Expenditure
R1.409-billion.

Planned Start /End Date
The total project scope will be completed during the second half of 2019.

Latest Developments
The Department of Mineral Resources has granted a Section 11 approval for the transfer of Rustenburg Platinum Mine’s 33% undivided interest in the mining rights attributable to the Bafokeng Rasimone Platinum Mine (BRPM) joint venture to Royal Bafokeng Platinum (RBPlat).

RPM, a wholly owned subsidiary of Anglo American Platinum accepted a R1.8-billion offer from RBPlat for the 33% interest in BRPM in July 2018.

With the Section 11 approval, all conditions for the transfer of all BRPM mining rights to RBPlat have been met.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
The project is on time and on budget.

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 executive 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.