Bakubung Platinum Mine (formerly Frischgewaagd - Ledig Platinum)

The project will involve the construction of a platinum mine on Wesizwe Platinum's core assets on the farms Frishgewaagd, portions 3, 4, and 11, and the farm Ledig, portions 1 and 2, in the Bushveld Complex in the North West Province. The project will consist of an underground mine and a surface concentrator plant, and takes into account the establishment of all surface infrastructure, servitudes for bulk power and water supply, the sinking and equipping of ventilation and main shafts, the associated underground infrastructure, the ancillary excavations and the access development to establish a footprint for full production. Project value: R7.4 billion. This figure includes an overall contingency of R275,3-million. An additional electrical self-generation contingency of R168-million has been taken into account to allow for any electricity supply delays by Eskom. GPS coordinates lat: -25.424569874615003, long: 27.085740577520074