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ARM Platinum

Modikwa Platinum Mine

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

Management The mine is jointly managed through a joint executive committee by 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 139.60 5.92 44.73 4.74 6.83
Merensky

74.30

2.77
4E = Platinum + Palladium + Rhodium + Gold
Refining All metal in concentrate produced is sold to Anglo American Platinum.
Total labour 4 656 employees including 919 contractors

The Measured and Indicated Mineral Resources are exclusive of those modified to produce Mineral Reserves.

Operational statistics

100% Basis   F2013 F2014 F2015 F2016 % change
Metal production
Platinum Ounces 128 142 111 310 100 593 113 792 13
Palladium Ounces 122 213 106 654 99 082 111 507 13
Rhodium Ounces 25 598 21 933 20 802 23 605 13
Gold Ounces 3 444 3 382 2 694 3 011 12
Ruthenium Ounces 36 544 31 065 29 762 33 637 13
Iridium Ounces 8 685 7 361 7 104 8 051 13
PGMs Ounces 6E 324 626 281 706 260 037 293 604 13
Nickel Tonnes 648 667 531 597 12
Copper Tonnes 400 409 321 364 13
Operational statistics          
Tonnes milled Mt 2.33 2.10 1.86 2.05 10
Head grade g/t 6E 5.35 5.06 5.17 5.27 2
Average number of permanent employees Number 3 787 4 087 3 948 3 737 (5)
Average number of contractors Number 1 076 1 198 1 030 919 (11)
Financial indicators          
Cash cost R/tonne 876 1 010 1 187 1 182 (0)
Cash cost R/Pt oz 15 897 19 095 21 924 21 271 (3)
Cash cost R/PGM oz 6E 6 275 7 545 8 481 8 244 (3)
Cash cost R/kg 6E 201 752 242 577 272 676 265 046 (3)
Basket price R/kg 6E 287 424 322 789 336 699 315 748 (6)
Net sales revenue R million 2 465 2 457 2 164 2 409 11
Cash operating cost R million 2 037 2 125 2 205 2 420 10
Cash operating (loss)/profit R million 428 332 (41) (11) (73)
Cash operating margin % 17 14 (2) (0)  
Capital expenditure R million 286 570 646 282 (56)

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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