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Update on disposal of interest in Bokoni Platinum mine

28 October, 2021

Anglo American Platinum notes the Cautionary Statement released by African Rainbow Minerals Limited (“ARM”) on 28 October 2021 noting that it is currently in discussions regarding its potential acquisition of Bokoni Platinum Mine from its current owners, Anglo American Platinum and Atlatsa Resources Corporation.

Anglo American Platinum confirms that discussions are ongoing with ARM on the disposal of Bokoni Platinum Mine and the terms of the proposed transaction are yet to be finalised.

The Bokoni Platinum Mine was placed on care and maintenance in 2017 and the objective of the sale process is to identify an appropriate owner with operational, technical and financial capacity, to restart and operate the mine in a safe and sustainable basis, to support economic growth and job creation in the area and the broader Limpopo province.

Sponsor:
Merrill Lynch South Africa Proprietary Limited

For further information, please contact:

Investors Media
Emma Chapman
(SA) +27 (0) 76 480 1570
[email protected]
Nomonde Ndwalaza
(SA) +27 (0) 79 932 1586
[email protected]

Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is a 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 and smelter in Zimbabwe. Anglo American Platinum has two joint operations 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 a meaningful and sustainable difference in the development of the communities around its operations. 

www.angloamericanplatinum.com

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our future-enabling products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com