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Africa|Financial|Platinum|PROJECT
Africa|Financial|Platinum|PROJECT
africa|financial|platinum|project

Mimosa’s North Hill life-of-mine extension project, South Africa – update

IMAGE OF MIMOSA MINE

Photo by Impala Platinum

8th March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Mimosa’s North Hill life-of-mine (LoM) extension project.

Location
Zimbabwe.

Project Owner/s
A joint venture (JV) between Impala Platinum and Sibanye-Stillwater.

Project Description
The project will extend Mimosa’s LoM by about ten years to 2044.

The project will increase LoM at the current production platform and sustain 227 000 t a month into the existing processing plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$130-million.

Planned Start/End Date
Not stated.

Latest Developments
The extension project has not been approved by the JV’s respective shareholders.

Steady-state production from North Hill was forecasted for the 2034 financial year.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Impala Platinum group head: investor relations and corporate communications Alice Lourens, tel +27 11731 9033 or
email Alice.Lourens@implats.co.za.
Sibanye-Stillwater executive VP: investor relations, James Wellsted email James Wellsted,ir@sibanyestillwater.com.

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Edited by Creamer Media Reporter

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