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South Africa

Eland Mine

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Platinum
  • Palladium
  • Rhodium
  • Gold
  • Chrome
  • Iridium
  • Ruthenium
Mining Method
  • Hydraulic mining
  • Breast stoping with strike pillars
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SnapshotEland platinum mine is a shallow UG2 mine, which consists of three underground hybrid mining modules (Kukama, Nyala and Maroelabult), adjacent Maroelabult mine, one PGM concentrator and one chrome concentrator.

Mine development is currently being progressed via the three decline systems, Kukama, Nyala and Maroelabult. In 2024, given the prevailing market conditions, decline development was temporarily suspended in order to focus on strike and raise development, increasing mineable reserve and allowing the ramp-up of stoping production. Current planning is to restart development of the declines in FY2025.

A feasibility study to assess the extraction of UG2 Reef through open pit mining in the eastern portion of the property was completed during 2021. Open pit mining commenced during 2022 but was suspended at the end of 2023 due to the prevailing metal price environment.

Owners

SourceSource
CompanyInterestOwnership
Northam Platinum Ltd. 100 % Indirect
Eland Platinum Proprietary Ltd. (operator) 100 % Direct
Eland Platinum Proprietary Limited is a privately owned company incorporated in South Africa and its shares are owned by Northam Platinum Limited. The company owns the Eland mine, which is a shallow hybrid UG2 mine.

Contractors

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Deposit type

  • Magmatic

Summary:

The Rustenburg Layer Suite of the Bushveld Complex at Eland mine is similar to that within the broader south-eastern portion of the western limb but shows stratigraphic variation from west to east. The Critical Zone sequence, being fully developed in the west, thins within the far eastern portion of the property. This is similar to the southern portions of Booysendal and is also related to the Bushveld sequence abutting onto basement highs. The impact of this abutment manifests itself in disruption to the morphology and internal structure of the UG2 Reef. Despite this, both reefs are continuous across the property. This has led to the characterisation of three UG2 Reef sub-types (facies) transitioning from west to east as the Normal, Split and Zilkaats sub-type domains.

Merensky Reef
The Merensky Reef is the upper mineralised portion of the 13 m thick Merensky pyroxenite, generally extending over 2 m to 3 m. The Merensky pyroxenite is immediately overlain by a sequence of competent norites. No facies have been defined, but surface morphology disruption is evident in the far east of the property. The Mineral Resource channel is defined as a fixed cut of 3 m below the hangingwall contact.

UG2 Reef
The internal structure of the UG2 Reef is similar to that found in the remainder of the western limb, albeit thicker and lacking continuous chromitite stringers or leaders in the immediate hangingwall. Three reef facies have been defined; Normal, Split and Zilkaats. The UG2 Normal and Split facies consist of massive, upper Leader and lower Main seam chromitite layers with an average combined thickness of 160 cm. In the case of the Normal facies, these seams are vertically juxtaposed or merged. In the Split facies, the seams are separated by a 4E metal-barren, silicate waste parting of up to 120 cm thickness. The Zilkaats facies is defined where a massive Leader seam, with a mean thickness of 95 cm, overlies a lower, Main seam that comprises either a multitude of chromitite stringers or disseminated chromite within a variable interval of silicate rocks. This generally renders the lower seam sub-economic. The Mineral Resource channels applied are variable and dependent on both the facies and the UG2 chromitite thickness.

UG1 Reef
No Mineral Resources have been declared for the UG1 Reef. However, the reef comprises two chromitite seams with a combined thickness of between 180 cm to 210 cm, separated by an internal silicate parting of between 20 cm and 370 cm. The UG1 Reef is bound by massive norite units in the hangingwall and footwall. The PGE grade across the chromitite seams is below 1 g/t 4E and concentrated along the top and basal contacts.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Ore tonnes mined were calculated to include ore from underground and open pit mines, and surface sources including TSF.

Open pit mining commenced during 2022 but was suspended at the end of 2023 due to the prevailing metal price environment.
CommodityProductUnits202420232022202120202019
4E (Pt, Pd, Rh, Au) Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Platinum Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Palladium Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Rhodium Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Chrome Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe13
6E (Pt,Pd,Rh,Au,Ir,Ru) Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Iridium Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Ruthenium Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.

Operational metrics

Metrics202420232022202120202019
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,000,000 t

Production Costs

CommodityUnits20242023202220212020
Cash costs 4E (Pt, Pd, Rh, Au) ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs 6E (Pt,Pd,Rh,Au,Ir,Ru) ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs Platinum ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.
** Net of By-Product.

Financials

Units2024202320222021202020192018
Capital expenditures (planned) M ZAR
Sustaining costs M ZAR  ....  Subscribe  ....  Subscribe
Growth Capital M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe
Capital expenditures M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 371.2   190.8  
Revenue M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Operating Income M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Pre-tax Income M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
After-tax Income M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
EBITDA M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 14, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 14, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 14, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 14, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required 2019

Aerial view:

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