Anglo American Platinum Limited 3

Anglo American Platinum (“Amplats”) is a globally diversified mining company and the world’s leading major producer of platinum group metals.1 The company is listed on the JSE and has mining, smelting and refining operations based in South Africa. The Group also owns Unki Platinum Mine in Zimbabwe.2

In January 2013, Amplats announced that it was restructuring and repositioning its PGM portfolio and that it would be divesting from a number of mines that did not fit into its long-term strategy.3 Over the last five years, Amplats has been clearing its portfolio of deep-level, labour-intensive mines, focusing instead on shallower, mechanised mines.

Operations

Mogalakwena4

  • Location: Mogalakwena is located near the town of Mokopane in Limpopo.
  • Type of mine: Open pit.
  • Current status: Operational.
  • Size: Mining right covers 137 km2.
  • Life of Mine: Beyond 2060.5

Amandelbult complex (Tumela and Dishaba mines)6

  • Location: Between the towns of Northam and Thabazimbi, on the North-Western Limb of the Bushveld complex in Limpopo.
  • Type of mine: Underground.
  • Current Status: Operational.
  • Size: Mining right covers 141 km2.
  • Life of Mine:  No publicly available information on life of mine.

Der Brochen7

  • Location: Borders the Mototolo JV, which is 30km west of Burgersfort in Limpopo.
  • Type of mine: Open pit.
  • Current Status: In development.
  • Size: No publicly available information on the size of the proposed project.
  • Life of Mine: 3.5 to 4 years for the northern pit, and 2 years for the southern pit.8

Twickenham9

  • Location: Thabazimbi, 40 km from Burgersfort in Limpopo.
  • Type of mine: Underground.
  • Current Status: On care and maintenance (from 1 July 2016).
  • Size: No publicly available information on the size of the operation.

Joint Ventures

Mototolo10

  • Ownership structure: 50:50 JV between Glencore Kagiso Tiso Platinum and Rustenburg Platinum Mines (subsidiary of Amplats).
  • Location: 30km west of Burgersfort in Limpopo.
  • Type of mine: Underground mine.
  • Current status: Operational.
  • Size: Mining right covers 9km2.
  • Life of mine: Until approximately 2025.11

Bafokeng Rasimone Platinum Mine (BRPM)12

  • Ownership structure: BRPM is a 67:33 JV between Royal Bafokeng Platinum and Rustenburg Platinum Mines (subsidiary of Amplats).
  • Location: 25km north of the town of Rustenburg in the North West province.
  • Type of mine: Conventional breast stoping with strike pillars, with an operating depth for current workings of 50m to 500m below surface.
  • Current status: Operational.
  • Size: Mining right covers 87km2.
  • Life of mine: Approximately 60 years (since 2002).13

Modikwa14

  • Ownership structure: Modikwa is a 50:50 JV between ARM Mining Consortium and Rustenburg Platinum Mines (subsidiary of Amplats).
  • Location: 25km west of Burgersfort in Limpopo.
  • Type of mine: Conventional breast stoping with strike pillars, with an operating depth from surface level to 450m below surface.
  • Current status: Operational.
  • Size: Mining right covers 140km2.
  • Life of mine: No publicly available information on life of mine.

Bokoni15

  • Ownership structure: Bokoni is a 51:49 JV between Atlatsa and Rustenburg Platinum Mines (subsidiary of Amplats).
  • Location: 80km south-east of the town of Polokwane in Limpopo.
  • Type of mine: Open pit mine.
  • Current status: According to Amplats’ 2017 Annual Report, current mining infrastructure, comprising two decline shafts and two concentrators, was placed on care and maintenance in October 2017. Older shafts were closed in 2015. The opencast operation was terminated in December 2016 and rehabilitation began in January 2017.
  • Size: Mining right covers 147km2.

Kroondal16

  • Ownership structure: 50:50 pooling and sharing agreement between Rustenburg Platinum Mines (Amplats subsidiary) and Sibanye-Stilwater.
  • Location: 10km outside the town of Rustenburg in the North West province.
  • Type of mine: Partly mechanised bord-and pillar operation mining between surface and 450m below.
  • Current status: Operational.
  • Size: Mining right covers 22km2.
  • Life of mine: No publicly available information on the life of mine.

Disposal of Assets

Disposal of the Rustenburg Mining and Concentrating Operations to Sibanye-Stillwater

Amplats’ exit was completed on 1 November 2016 following the conclusion of a sale agreement with Sibanye-Stillwater.17

Sale of a portion of the Tumela Mine (part of Amandelbult) to Northam

A portion of the Tumela Mine was transferred to Northam on 6 December 2017.18

Sale of interests in Pandora Mine to Lonmin

On 10 November 2016, a conditional sale and purchase agreement was entered into with Eastern Platinum Limited, a wholly owned subsidiary of Lonmin plc, to sell Amplats’ 42.5% interest in the Pandora Joint Venture. The sale was completed on 1 December 2017, when all the conditions precedent were met.19

Sale of Union Mine to subsidiary of Siyanda Resources (Pty) Ltd

On 1 February 2018, the sale of Amplats’ interests in Union Mine and Masa Chrome became effective, when all significant conditions precedent were met.20

  1. http://www.angloamerican.co.za/our-operations/platinum.aspx
  2. http://www.angloamerican.co.za/our-operations/platinum.aspx
  3. http://www.angloamericanplatinum.com/media/press-releases/2013/15-01-2013.aspx
  4. Anglo American Platinum Limited Integrated Report 2017, at page 64-65.
  5. http://www.angloamericanplatinum.com/~/media/Files/A/Anglo-American-Platinum/documents/profile-mogalakwena-mine.pdf
  6. Anglo American Platinum Limited Integrated Report 2017, at page 66-67.
  7. Anglo American Platinum Limited Integrated Report 2017, at page 70.
  8. http://www.sahra.org.za/sahris/sites/default/files/additionaldocs/469113_Der%20Brochen_Final%20EIAEMP_Final_for%20SAHRA.pdf
  9. Anglo American Platinum Limited Integrated Report 2017, at page 70.
  10. Anglo American Platinum Limited Integrated Report 2017, at page 72.
  11. http://www.angloamericanplatinum.com/media/press-releases/archive/2005/03-08-2005.aspx
  12. Anglo American Platinum Limited Integrated Report 2017, at page 75.
  13. http://www.bafokengplatinum.co.za/reports/integrated-report-2016/fast-facts.php
  14. Anglo American Platinum Limited Integrated Report 2017, at page 73.
  15. Anglo American Platinum Limited Integrated Report 2017, at page 76.
  16. Anglo American Platinum Limited Integrated Report 2017, at page 74.
  17. Anglo American Platinum Annual Financial Statement, 2016, at page 11.
  18. Anglo American Platinum Integrated Report 2017, at page 81.
  19. Anglo American Platinum Integrated Report 2017, at page 140.
  20. Anglo American Platinum Limited Integrated Report 2017, at page 141.