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Anglo American Platinum launches an atomatic chrome recovery plant in Limpopo Province

01 Feb 2017

Partnership with the Baphalane Ba Mantserre Community Demonstrates Anglo American Platinum’s Commitment to Transformation

Anglo American Platinum today announced the official launch of a chrome recovery plant at its Amandelbult Complex in Limpopo to produce commercial grade chromite concentrate. In line with Anglo American Platinum’s commitment to broad-based empowerment, the company is partnering with the Baphalane Ba Mantserre community to own and operate the plant.

The plant was constructed, financed and commissioned by Anglo American Platinum during 2016 at a value of R474 million. It will be owned and operated in a Joint Venture between Anglo American Platinum’s wholly-owned subsidiary Rustenburg Platinum Mines Limited, with a 74% shareholding, and Baphalane Siyanda Chrome Company (BSCC) with a 26% shareholding.

The Baphalane Ba Mantserre Community that surrounds the Tumela and Dishaba mines within the Amandelbult complex owns 75% of the share capital of BSCC, with the remainder owned by Siyanda Resources and Mega Chrome Management as technical partners. The plant is expected to reach steady state production by the end of H1 2017.

Commenting on the launch, Chief Executive Officer Chris Griffith said: “The joint venture with the Baphalane Ba Mantserre community is directly in line with Anglo American Platinum’s strategy of empowering surrounding communities through value-generating transactions. This transaction will create long-term, sustainable empowerment and aligns with our strategy of identifying capital-light projects to generate further value from existing assets.”

Siyanda Resources chairperson Lindani Mthwa said: “We bring our proven expertise in chrome extraction to this exciting new venture. We are proud to partner with Anglo American Platinum and the community of Mantserre. We believe that this partnership has all the ingredients to succeed now and into the future.

Anglo American Platinum Amandelbult Complex Social & Labour Plan (SLP) initiatives:

Anglo American Platinum is committed to supporting economic development in the communities in which it operates. At the Amandelbult complex, the Company’s implemented SLP initiatives have included: provision of water and sanitation infrastructure, provision of equipment for the local health clinic, renovation of a stadium to cater for more sporting codes, installation of high mast lights, construction and equipping of a sewing factory and retail store facility, and refurbishment of the Modise Secondary School and the Ga-Ramokoka Tribal office to ensure that community members have access to decent facilities.

For further information, please contact:

Investors: Media:
Emma Chapman Mpumi Sithole
(SA) +27 (0) 11 373 6239 (SA) +27 (0) 11 373 6246
emma.chapman@angloamerican.com mpumi.sithole@angloamerican.com

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s leading primary producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the transformation of the mining industry. Anglo American Platinum is committed to the highest standards of safety and continues to make meaningful and sustainable difference in the development of the communities around its operations. 

www.angloamericanplatinum.com

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products – from diamonds (through De Beers) to platinum and other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate – creating sustainable value and making a real difference.

www.angloamerican.com

Real Mining. Real People. Real Difference.
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