Home to the second-largest PGM resource in South Africa, Bokoni Mine has operated since 1969 but was placed on care and maintenance in October 2017 due to adverse market conditions.
African Rainbow envisage development capital of around R5.3 billion (in real 2021 terms) over three years to ramp the mine up to steady-state production of some 300 000 ounces of 6E PGM and 255 000 tonnes of chromite concentrate per annum from 2028.
A definitive feasibility study will be completed in the second half of F2023, enabling mining operations to begin in the latter half of the 2023 calendar year, pending the required mining approvals. |