Name of the Project
Two Rivers platinum mine plant expansion 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%).

Project Description
The project will add a milling capacity of 40 000 t month at the Two Rivers upper group two concentrator plant.

At steady state, the plant expansion project is expected to increase Two River’s production by about 40 000 oz to 60 000 oz of 6E PGMs (platinum, palladium, ruthenium, rhodium, iridium and gold) .

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
R427-million.

Planned Start/End Date
The project was approved in December 2019. Full ramp-up of the additional mill is expected to be achieved towards the end of the third quarter of the 2022 financial year.

Latest Developments
After a two-month delay related to Covid-19, and a steel shortage because of a metalworkers’ strike, the additional mill has been commissioned.

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.