Aug 12, 2022. Anglo American Platinum has announced that, together with its joint venture partner Atlatsa Resources Corporation, it has completed all the conditions precedent related to the sale of their joint interest in Bokoni Platinum Mines. The transaction was made to a wholly owned subsidiary of African Rainbow Minerals ...
Previous technical studies conducted by Anglo Platinum indicated that Bokoni's maximum value is achieved at a mining rate of 375,000tpm, comprising steady-state Merensky Reef production at 120,000tpm and steady-state UG2 Reef production of 255,000tpm.
AFRICAN Rainbow Minerals (ARM) explained today how it intended to turn a profit from its newly acquired Bokoni Platinum Mines where previous owners have failed dismally.. ARM bought Bokoni, situated in the northern part of the Bushveld Complex, from Anglo American Platinum (Amplats) for R3.5bn. The acquisition price includes a R3.3bn shareholder loan provided by Amplats to its former partner ...
The transaction was first announced in 2021, when Bokoni Platinum entered into a Sales and Purchase Agreement (SPA) to dispose of Anglo Plat's interest in the mine. Tags African Rainbow Minerals Anglo American Platinum South Africa Previous article Global Atomic concludes negotiations with the government of Niger
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A new wholly owned subsidiary of ARM Platinum has been established to acquire of the shares and claims in Bokoni Platinum Mines Proprietary Limited – Bokoni Mine – from Anglo American ...
Atlatsa Resources Corporation through its subsidiary, Plateau Resources Proprietary Limited has a 51% shareholding in Bokoni Platinum Holdings Proprietary Limited ("BPH"), while Anglo American Platinum Limited through its subsidiary, Rustenburg Platinum Mines Limited has remaining 49% shareholding in BPH.
After years of attempting to make sustainable returns from Bokoni Mines – once known as Lebowa Platinum when it was sold for R3.6bn in 2007 to Anooraq Resources – it wrote down the total investment for about R4.8bn.
"The Bokoni Platinum Mine was placed on care and maintenance in 2017 and the objective of the sale process is to identify an appropriate owner with operational, technical and financial...
Amplats, a unit of Anglo American, suspended mining at Bokoni in 2017 and said it aimed to find an owner with the technical and financial capacity to restart the mine. Amplats shares were up 2.4%...
African Rainbow Minerals has ordered drill rigs, loaders and mine trucks for use at the Bokoni Platinum Mine in the Limpopo Province, South Africa. The mine is restarting after operations have been paused for care and maintenance the past few years. The order is valued at more than MZAR 200 (MSEK 125) and was booked in the first quarter 2023.
The caption on the picture reads "The Bokoni mine produced 170,000t of platinum group metals last year. (Image courtesy of Atlatsa)". 170 000t? Do you mean ounces? roger
Previous technical studies conducted by Anglo Platinum indicated that Bokoni's maximum value is achieved at a mining rate of 375,000tpm, comprising steady-state Merensky Reef production at 120,000tpm and steady-state UG2 Reef production of 255,000tpm. The long-term growth plan for Bokoni is planned over two stages:
The Bokoni platinum group metals (PGM) mine being acquired for R3.5-billion by African Rainbow Minerals (ARM) hosts South Africa's second largest PGM resource, with ready-built mining and ...
Bokone platinum mine is a company we were working with good and paying us fairly.Bokone platinum was hired more people and was nothing wrong with the company. Was this review helpful? Productive and good in safety LHD operator (Former Employee) - Polokwane, Limpopo - 2 February 2023 Good in training Pay in time and full salary everymonth
ANGLO American Platinum (Amplats) said the way had been made clear to sell Bokoni Platinum Mines, the platinum group metal (PGM) mines situated in the Limpopo province, in the north-west region of South Africa's Bushveld Complex. "The intention remains to exit AAP's interest in Bokoni," said Jana Marais, spokeswoman for Amplats in an e-mailed statement. […]
The first pre-cast systems to be constructed were three shafts at Bokoni Platinum Mine. The diameters of the shafts were 4.5 m, 4.8 m and 6.3 m respectively. With the rock level in the order of 50 m below natural ground level, it was especially beneficial to be able to remove 30 m of unstable overburden and to compact it back against the pre ...
01:04 Listen. African Rainbow Minerals Ltd., backed by South African billionaire Patrice Motsepe, agreed to buy Anglo American Platinum Ltd.'s mothballed Bokoni platinum mine for 3.5 billion rand ($221 million). The deal comes after the world's biggest platinum miners declared record dividends this year as rebounding demand for their metals ...
Bokoni Platinum Mines Address: Off r37 Halfway Between Polokwane & Burgersfort, Atok, 0749, South Africa City of Limpopo,Post Office box: 1, Atok, 0749 Phone number: 015 620 0000 Categories: Mining Consultants, 26 Reviews (3 / 5) Mining Consultants. Technology Risk Solutions.
Bokoni Platinum Mine is located in Atok, about 90km from the provincial capital Polokwane. It forms part of the Sekhukhune District Municipality, a largely rural, underdeveloped area that, according to statistics collected by Stats SA during the 2011 census, has a population of just more than 1 million people.
The Company holds a 49% interest and our joint venture partner, Atlatsa Resources Corporation ("Atlatsa"), holds a 51% interest of Bokoni Platinum Holdings. The Transaction will include employees and local communities in the new ownership structure alongside ARM. Bokoni Mine has been on care and maintenance since 2017.
This is the Bokoni Platinum Mine Mining Right and it was formerly the Lebowa Platinum Mine operated by Anglo Platinum (LEPLATS) but is now owned and operated by Anooraq Resources Corporation. It consists of 1 vertical shaft, 2 inclinde shafts, and the Middlepunt Adits. Bokoni is an operating mine located on the north-eastern limb of the Bushveld Complex, to the north of and adjacent to the Ga ...
Bokoni Platinum is wholly owned by Bokoni Platinum Holdings (Pty) Ltd. Bokoni Platinum does not directly or indirectly control any firm. Bokoni Platinum and all the firms, directly and indirectly, controlling it will hereinafter collectively be referred to as the "Target Group". The Target Group holds the mining rights to and operates ...
Bokoni Platinum - ExplorMine ExplorMine Consultants was commissioned by Atlatsa Resources Corporation (Atlatsa) to complete a National Instrument 43-101 Technical Report, in support of obligations in terms of Canadian Securities Regulatory Authorities.
ARM bought Bokoni, situated in the northern part of the Bushveld Complex, from Anglo American Platinum (Amplats) for R3.5bn. The acquisition price includes a R3.3bn shareholder loan provided by Amplats to its former partner in Bokoni, Atlatsa Platinum as it sought to make the mine profitable.
Company profile page for Bokoni Platinum Mine Pty Ltd including stock price, company news, press releases, executives, board members, and contact information
African Rainbow Minerals Ltd., backed by South African billionaire Patrice Motsepe, agreed to buy Anglo American Platinum Ltd.'s mothballed Bokoni platinum mine for 3.5 billion rand ($221 million).
Business Day reported that the joint venture owners were no longer prepared to carry on funding the mine, which had a cash outflow of R500‑million in the first six months of 2017. This was...
Bokoni Mine is located on the northern extremity of the Eastern Limb of the Bushveld Complex. The platiniferous horizons mined at Bokoni Mine are the Merensky and the UG2 reefs, located in lithologies of the Critical Zone of the Rustenburg Layered Suite. In the Eastern Limb, the Critical Zone is developed over about 150 km of strike length in ...
" means the announcement made on July 21, 2017 to place the Bokoni Mine on care and maintenance, amongst other things, as further outlined in . Section 2 – SIGNIFICANT EVENTS – 2017 Restructure Plan and Composite Transaction; " 4E " means a mixture of platinum group metals, comprising platinum, palladium and rhodium as well as gold; "
A 23-year sale of PGMs concentrate between Bokoni Mine and Rustenburg Platinum Mines Limited on commercially agreed terms has been finalised. A definitive feasibility study (DFS) is expected to...
African Rainbow Minerals (ARM) is to buy the failed Bokoni platinum mine from Anglo American Platinum (Amplats) and Atlatsa Resources for R3.5bn in cash and plans to spend a further R5.3bn over the next three years in developing the operation.