Bafokeng Rasimone Platinum Mine North Shaft Merensky Phase III project, South Africa
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.
The Merensky production levels from 11 to 15 level will give access to 1.4-million Merensky ounces (4E), using a hybrid mining method.
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
Estimated cost at completion is forecast to be R1.165-billion against a budget of R1.4-billion, indicating a potential saving of R235-million.
Total project expenditure to date is R1.126-billion.
Planned Start /End Date
The project was completed in the final quarter of 2019.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
RBPlat executive: investor relations and corporate communications, Lindiwe Montshiwagae, tel +27 10 590 4510 or email lindiwe@bafokengplatinum.co.za.
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