Marula Phase 2, South Africa – update

14th April 2023 By: Sheila Barradas - Creamer Media Research Coordinator & Senior Deputy Editor

Marula Phase 2, South Africa – update

Photo by: Impala Platinum

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 17 years to the 2039 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
First production is scheduled for the 2023 financial year and full capacity is expected to be achieved in the 2028 financial year.

Latest Developments
The project is advancing.

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.