Two Rivers Merensky Project

The new Two Rivers Merensky project involves mining of the Merensky reef at Two Rivers Mine in Limpopo, and will produce an additional 182 000 six-element (6E) PGM ounces, 1 600 t of nickel and 1 300 t of copper a year. Total capital expenditure for the project is expected to be approximately ZAR5.7 billion (100% basis) to be spent over three years. Two Rivers is a joint venture between ARM (54%) and Implats (46%), is managed by ARM. The operation is situated on the farm Dwarsrivier on the southern part of the eastern limb of the Bushveld Complex some 35km south-west of Burgersfort. The Merensky project includes the construction of a new 200,000 tonne per month Merensky Decline Shaft, Concentrator Plant and associated surface and underground infrastructure. GPS coordinates lat: -24.9352066; long: 30.1045682.