Construction of Twickenham platinum mine
Our Platinum business, based in South Africa, is the world’s leading primary producer of platinum, and accounts for approximately 40% of the world’s newly mined production of the metal. Platinum mines, processes and refines the entire range of platinum group metals (PGMs): platinum, palladium, rhodium, ruthenium, iridium and osmium. Base metals such as nickel, copper and cobalt sulphate are important secondary products and are significant contributors
Platinum’s operations exploit the world’s richest reserve of PGMs, known as the Bushveld Complex, which contains PGMbearing Merensky, UG2 and Platreef ores.
Access to an excellent portfolio of ore reserves ensures Platinum is well placed to be the world’s major platinum producer for many years to come.
Platinum wholly owns 10 mining operations currently in production, a tailings re-treatment facility, three smelters, a base metals refinery and a precious metals refinery. Concentrating, smelting and refining of the output are undertaken at Rustenburg Platinum Mines’ (RPM) metallurgical facilities.
Platinum’s 100% owned mining operations now consist of the five mines at Rustenburg Section – Khomanani, Bathopele, Siphumelele, Thembelani and Khuseleka.
Amandelbult Section’s two mines, Tumela and Dishaba; as well as Mogalakwena and Twickenham mines. Union Mine is 85% held, with a black economic empowerment (BEE) partner, the Bakgatla-Ba-Kgafela traditional community, holding the remainder. The Unki mine in Zimbabwe is currently wholly owned pending the outcome of negotiations with the Zimbabwean government in respect of Unki’s compliance with the Indigenisation and Economic Empowerment Act.
Platinum also has 50:50 joint ventures with a BEE consortium, led by African Rainbow Minerals, at Modikwa platinum mine; and with XK Platinum Partnership in respect of the Mototolo mine. In addition, Platinum has 50:50 pooling and sharing agreements with Aquarius Platinum covering the shallow reserves of the Kroondal and Marikana mines. Platinum is in partnership with Royal Bafokeng Resources, and has a 33% shareholding in the combined Bafokeng- Rasimone platinum mine (BRPM) and Styldrift properties. Platinum, through RPM, holds 12.6% of RB Plats’ issued share capital.
During 2011, Platinum announced a R3.5 billion ($430 million) community empowerment transaction aimed at providing equity ownership to mine host communities that had not previously benefited from other broad-based BEE transactions.