THE Bokoni platinum group metals (PGMs) mine being acquired for R3.5-billion by African Rainbow Minerals (ARM) hosts South Africa’s second largest PGMs resource, with ready-built mining and processing plant infrastructure on site.
Bokoni provides greater exposure to palladium and is close to ARM’s Modikwa and Two Rivers PGM mines. It lifts the JSE-listed company’s combined PGMs resource base by 135% to 266-million ounces of four-element (4E) PGMs.
In addition to moving ARM’s PGMs portfolio down the cost curve, it also boosts attributable production and life-of-mine by 137% to 636 000 oz of 6E PGMs production a year from 2026.
“Bokoni is a large high-grade opportunity,” was the headline of a slide ARM flashed on to computer screens during its presentation of dividend-yielding half-year financial results covered by Mining Weekly.
It followed an opening slide, which displayed this comment from ARM executive chairperson Dr Patrice Motsepe in bold type: “We are pleased to have signed the agreement to acquire the Bokoni Platinum Mine. Development
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
