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Nkomati Nickel Mine

Located in the Machadodorp area of the Mpumalanga province, 300 kilometres east of Johannesburg Nickel mining takes place by means of an underground shaft as well as by open-pit mining Oxidised chromitite is also mined as part of the pre-strip of the future open pits.

Management The mine is managed as a 50:50 unincorporated joint venture with Norilsk Nickel Africa (Pty) Ltd.
Resources and
Reserves:
(100% basis)
Measured and Indicated Resources Proved and Probable Reserves
Mt Ni% Mt Ni% Moz
Nickel 281.01 0.34 128.61 0.32
Mt Cr2O3% Mt Cr2O3%
Chrome 0.23 33.95 0.23 27.92
Mt g/t 4E Mt g/t 4E Moz
PGMs 281.01 0.86 128.61 0.93 3.85
4E = Platinum + Palladium + Rhodium + Gold
Refining Refining takes place through various tolling contracts
Total labour 2 983 (includes 2 207 contractors)

Operational statistics

100% Basis   F2009 F2010 F2011 F2012 F12/11
% change
Metal production
Nickel Tonnes 4 495 9 666 10 100 14 004 39
Copper Tonnes 2 268 5 210 5 210 7 371 41
Cobalt Tonnes 244 578 553 744 35
PGMs Ounces 26 727 52 574 53 610 84 044 57
Chrome ore sold 000t 661 502 335 64 (81)
Chrome concentrate sold 000t 51 314 381 441 16
Operational statistics
Tonnes milled Thousand 1 259 3 308 5 259 6 388 21
Head grade % nickel 0.54 0.45 0.32 0.34 6
Average number of permanent employees Number 560 823 801 776 (3)
Average number of contractors Number 2 060 2 100 1 943 2 207 14
Financial indicators
Nickel on-mine cash cost per tonne treated R/tonne 389 242 271 272
Cash cost net of by-products US$/lb 2.48 3.26 4.99 8.58 72
Net sales revenue R million 1 086 2 439 2 991 3 107 4
Cash operating cost R million 490 801 1 423 1 737 22
Cash operating (loss)/profit – Total R million 181 916 824 130 (84)
Cash operating (loss)/profit    
– Nickel Mine R million (253) 584 256 115 (55)
Cash operating (loss)/profit    
– Chrome Mine R million 433 332 567 15 (97)
Cash operating margin % 17 38 28 4  
Average Nickel price US$/t 13 312 20 285 23 970 18 815 (22)
Capital expenditure R million 1 756 1 202 808 484 (40)

Refer to note 2 for Nkomati Nickel Mine segmental informationn. (PDF - 60KB)

Platinum division

Platinum Division map

Platinum division map


Partner company

Norilsk Nickel

www.nornik.ru/en


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