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South Africa

Twickenham Mine

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Categories

Summary

Mine TypeUnderground
StatusCare and Maintenance
Commodities
  • PGM
  • Gold
  • Platinum
  • Palladium
  • Rhodium
  • Nickel
  • Copper
Mining Method
  • Bord-and-pillar
  • ULP / XLP
SnapshotTwickenham was placed on care and maintenance in 2016. The mine offers prospects for shallow mechanised mining on both the Merensky and UG2 reefs.

As of 2025, Twickenham remained on care and maintenance. The feasibility study that was constituted in 2025 is now concluded and the project requires significant capital for mining development.

The future capital investment is under review within the broader context of the portfolio and other investment opportunities.

Owners

SourceSource
CompanyInterestOwnership
Valterra Platinum Ltd. 100 % Indirect
Rustenburg Platinum Mines Ltd. (operator) 100 % Direct
Twickenham is operated by Rustenburg Platinum Mines Ltd., a subsidiary of Valterra Platinum Ltd.

Following the demerger, Anglo American Platinum became an independent company, was renamed Valterra Platinum Limited in May 2025, and began trading as a standalone business on the Johannesburg Stock Exchange on May 28, 2025.

After the spin-off, Anglo American retained a 19.9% shareholding in Valterra Platinum for a limited period.

In September 2025, Anglo American sold this entire retained stake, completing its exit from Valterra Platinum.

Deposit type

  • Magmatic

Summary:

Formed over two billion years ago as a result of multiple injections of magma into the earth’s crust many kilometres below the surface, the Bushveld Complex is geologically unique due to its size, uniformity of its layering and extent of known mineral content.

Twickenham is located in the Eastern Limb of the Bushveld Complex, north of the Steelpoort fault. The main economic horizons and PGMs mineralisation are the UG2 and Merensky Reefs. Both reefs subcrop on the property, striking approximately north-north-west/south-south-east at an average dip of 15° to the south-west over a strike length of 16km. The UG2 and Merensky Reefs are separated by approximately 400m of mafic cumulate rocks.

The Merensky Reef thickness ranges from 100cm to 200cm, with an average thickness of 140cm. The mineralisation occurs mainly in a poikilitic plagioclase pyroxenite bound by thin chromitite stringers and associated pegmatoidal textures, which contain the highest PGM grades. The UG2 Reef chromitite layer varies in thickness from 30cm to 110cm (average of 62cm), overlain by up to five chromitite stringers varying in thickness from 2mm to 1cm. The immediate footwall of the UG2 Reef is usually a pegmatoidal feldspathic pyroxenite, which varies in thickness from a few centimetres to 200cm, with an average of 60cm.

The topography consists of a long valley between the fairly rugged Leolo mountain range, comprising main zone gabbro and gabbro-norites. The tectonic setting is characterised by north-north-east/south-south-west striking dolerite dykes of post-Karoo age and faults. A fairly prominent dyke swarm exists on Paschaskraal farm with individual dyke widths reaching 30m to 40m. Other geological discontinuities impacting the mining horizon are potholes, with rare occurrences of replacement pegmatites of various compositions (sometimes iron rich).

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnits20162015
PGM koz 7.4 32
Platinum koz 3 13
Palladium koz 3.2 13
Rhodium koz 0.7 2.3
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics20162015
Ore tonnes mined 67 kt 306 kt
Tonnes milled 54 kt 279 kt

Production Costs

Commodity production costs have not been reported.

Operating Costs

Currency2016
UG mining costs ($/t milled) ZAR  ....  Subscribe

Mine Financials

Units2017
Capital expenditures M ZAR 7  
Revenue M ZAR
EBIT M ZAR
EBITDA M ZAR
Operating Cash Flow M ZAR

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 7, 2026

Workforce

Aerial view:

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