Bokoni Mine to employ mechanised mining methods

The acquisition of Bokoni Platinum Mine was completed by African Rainbow Minerals on 12 August 2022. The purchase consideration of R3 500 million will be fully settled in early September 2022.

Bokoni Mine was placed on care and maintenance in October 2017 amid adverse market conditions. A new mine plan is being developed which will focus predominantly on mining the UG2 resource and will aim to employ mechanised mining methods where practical and sustainable in new mining areas and target predominantly on-reef development.

This plan targets better ground conditions and higher-grade mining areas, while fully leveraging existing mining and processing infrastructure.