https://www.miningweekly.com
Africa|Business|Construction|Copper|Financial|Gold|Infrastructure|Mining|Platinum|PROJECT|Infrastructure
Africa|Business|Construction|Copper|Financial|Gold|Infrastructure|Mining|Platinum|PROJECT|Infrastructure
africa|business|construction|copper|financial|gold|infrastructure|mining|platinum|project|infrastructure

Two Rivers Platinum Mine Merensky project, South Africa – update

Image of the Two Rivers mine

Photo by African Rainbow Minerals

8th March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Two Rivers Platinum Mine Merensky project.

Location
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
R7.3-billion.

Planned Start/End Date

Estimated project completion is expected in in the second quarter of the 2025 financial year, with the concentrator commissioning planned for the fourth quarter of the 2024 financial year.

Latest Developments
Impala Platinum has reported in its interim results for the six months ended December 31, 2024, that capital and operating cost inflation, coupled with weak PGM pricing has prompted a further review of the current project.

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 jongisa.magagula@arm.co.za.
Impala Platinum group head: Investor relations and corporate communications Alice Lourens, tel +27 11 731 9033 or email Alice.Lourens@implats.co.za.

 

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.154 0.205s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: