Two Rivers Platinum Mine Merensky project, South Africa – update

Aerial view of the Two Rivers platinum mine

Photo by ARM

8th September 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor


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Name of the Project
Two Rivers Platinum Mine Merensky project.

On the eastern limb of the Bushveld Complex, about 35 km south-west of Burgersfort, in Mpumalanga, South Africa.

Project Owner/s
Two Rivers is a joint venture between diversified mining company African Rainbow Minerals (54%) and platinum group metals producer Impala Platinum (46%). African Rainbow Minerals manages the operation.

Project Description
The project involves the development and mining of the Merensky reef and the construction of the associated infrastructure, including a concentrator plant at Two Rivers.

Steady-state production of 182 000 6E PGM ounces (platinum, palladium, ruthenium, rhodium, iridium and gold), 1 600 t/y of nickel and 1 300 t/y of copper are expected once the project is fully ramped up. The additional production is expected to position the mine in the bottom half of the industry cash cost curve.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure

Planned Start/End Date

The project was approved in the 2021 financial year and is scheduled to start producing PGM concentrate as per the planned date of mid-2024, with full production scheduled for the 2025 financial year.

Latest Developments
The mining of the Merensky reef and construction works in the mining areas are progressing as planned. The unexpected geotechnical challenges in the concentrator area have been addressed successfully, with the plant commissioning date still forecast for the third quarter of the 2024 financial year.

The overall project completion date remains unchanged for the second quarter of the 2025 financial year.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
African Rainbow Minerals executive director: Investor relations and new business development Jongisa Magagula, tel +27 11 779 1509 or email
Impala Platinum group head: Investor relations and corporate communications Alice Lourens, tel +27 11 731 9033 or email


Edited by Creamer Media Reporter



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