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ARM Platinum

Modikwa Platinum Mine

The mine is located 15 kilometres north west of Burgersfort, along the border between the Mpumalanga and Limpopo provinces. The operation comprises an underground mine, some 450 metres deep, consisting of three decline shafts and a concentrator. ARM Mining Consortium holds 50%, with a 17% stake in ARM Mining Consortium being held by two Section 21 companies representing communities around Modikwa. ARM has an effective 41.5% economic stake.

Management The mine is jointly managed, by a joint management and executive committees, between Anglo American Platinum and ARM.
Resources and
Reserves:

(100% basis)
Measured & Indicated Resources Proved & Probable Reserves
Mt g/t 4E Mt g/t 4E Moz
UG2 143.24 5.89 54.78 4.71 8.30
Merensky 72.00 2.78
4E = Platinum + Palladium + Rhodium + Gold
Refining All metal produced is smelted and refined by Anglo American Platinum
Total labour 5 018 (includes 1 272 contractors)

Operational statistics

100% Basis   F2009 F2010 F2011 F2012 F12/11
% change
Metal production
Platinum Ounces 136 083 131 502 127 532 121 239 (5)
Palladium Ounces 132 110 128 863 119 597 113 373 (5)
Rhodium Ounces 27 518 27 299 24 680 23 931 (3)
Gold Ounces 3 836 3 384 3 372 3 162 (6)
Ruthenium Ounces 39 664 38 952 34 934 34 019 (3)
Iridium Ounces 9 654 9 623 9 222 8 319 (10)
PGMs Ounces 6E 348 866 339 623 319 336 304 044 (5)
Nickel Tonnes 753 663 595 591 (1)
Copper Tonnes 460 410 380 370 (3)
Operational statistics
Tonnes milled Mt 2.46 2.27 2.30 2.18 (5)
Head grade g/t 6E 5.25 5.53 5.48 5.39 (2)
Average number of permanent employees Number 3 880 3 724 4 030 3 746 (7)
Average number of contractors Number 835 860 1 019 1 272 25
Financial indicators
Cash cost R/tonne 708 639 692 819 18
Cash cost R/Pt oz 12 798 11 025 12 468 14 706 18
Cash cost R/PGM oz 6E 4 992 4 269 4 979 5 864 18
Cash cost R/kg 6E 160 507 137 241 160 084 188 538 18
Basket price R/kg 6E 227 006 225 865 263 530 267 998 2
Net sales revenue R million 1 456 2 115 2 162 2 050 (5)
Cash operating cost R million 1 742 1 450 1 590 1 759 11
Cash operating (loss)/profit R million (286) 665 572 267 (53)
Cash operating margin % (20) 31 26 13
Capital expenditure R million 368 102 250 438 75

Further info can be found under note 2 for Modikwa Platinum Mine segmental information. (PDF - 60KB)


Platinum division

Platinum Division map

Platinum division map


Partner company

Anglo Platinum

www.angloplatinum.com


ARM Platinum gallery

ARM Platinum gallery ARM Platinum gallery ARM Platinum gallery

ARM Platinum gallery


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