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Marula Phase 2, South Africa – update

Aerial view of the Marula mine

Photo by Impala Platinum

22nd September 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Marula Phase 2.

Location
Eastern limb of the Bushveld Complex, in Limpopo, South Africa.

Project Owner/s
Marula is 73% owned by Impala Platinum (Implats).

Project Description
Marula comprises two decline shaft systems and a concentrator plant. The mine’s concentrate is processed by Impala Refining Services.

The project will extend the life of the Marula mine by 15 years to the 2045 financial year, with an increase of about 20% in milling capacity to 2.4-million tonnes a year.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
R5.1-billion over six years.

Planned Start/End Date
The project to expand and extend Marula’s life-of-mine started in 2022. Steady-state production is expected in FY2028.

Latest Developments
During the financial year ended June 30, 2023, the programme to expand mining and milling by 20% was split into discrete projects — for the two mining complexes and the plant — to facilitate optimal resource allocation and funding while maintaining production targets.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Impala Platinum, tel +27 11 731 9000 or email investor@implats.co.za.

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Edited by Creamer Media Reporter

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