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Nkomati Nickel Mine

Nkomati is located in the Machadodorp area of Mpumalanga province, 300km east of Johannesburg. Nickel mining takes place by means of an underground shaft as well as 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.
Resources and
Reserves
(100% basis)
Measured and Indicated Resources Proved and Probable Reserves
Mt Ni% Mt Ni%  
Nickel (MMZ+PCMZ) 187.22 0.35 94.56 0.31
Nickel (PCMZ Stockpile) - - 2.93 0.20
Nickel (MMZ Stockpile) - - 0.08 0.30
Mt Cr2O3% Mt Cr2O3%  
Chromite (Oxidized) 0.18 25.97 0.14 23.18  
Chromite (Un-Oxidized) 6.48 28.88 1.41 18.30  
Chromite (PCMZ) 76.24 12.03 44.50 13.64  
Chromite (Stockpiles) - - 2.53 19.83  
  Mt g/t 4E Mt g/t 4E Moz
PGMs (MMZ+PCMZ) 187.22 0.95 94.56 0.89 2.70
PGMs (PCMZ Stockpile) - - 2.92 0.72 0.07
PGMs (MMZ Stockpile) - - 0.08 1.01 0.03
4E = Platinum + Palladium + Rhodium + Gold
Refining All metals in concentrate produced (excluding chrome), are sold to Metal Trade Overseas AG. Chrome concentrates are sold on the spot market, through marketing agents, to various end users.
Total labour 1 766 employees, including 1 245 contractors

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

Operational statistics

100% Basis   F2013 F2014 F2015 F2016 % change
Metal production
Nickel Ounces 23 220 22 874 21 298 21 592 1
Copper Ounces 9 877 10 116 9 666 9 893 2
Cobalt Ounces 1 101 1 133 1 116 1 065 (5)
PGMs Ounces 111 185 185 194 144 368 157 598 9
Chrome concentrate sold Ounces 225 342 377 273 (28)
Operational statistics      
Tonnes milled Mt 7.59 7 93 8 03 8.24 3
Head grade g/t 6E 0.41 0.39 0.36 0.36 (0)
Average number of permanent employees Number 794 805 904 521 (42)
Average number of contractors Number 2 167 1 690 2 363 1 245 (47)
Financial indicators            
Nickel on-mine cash cost per tonne treated R/tonne 292 308 296 295 -
Cash cost net of by-products US$/lb 4.98 4.81 4.85 4.18 (14)
Net sales revenue R/PGM oz 6E 4 488 6 063 5 372 4 491 (16)
Cash operating cost R/kg 6E 2 218 2 444 2 380 2 435 2
Cash operating profit – Total R/kg 6E 1 178 1 813 815 (112) (114)
Cash operating profit – Nickel Mine R million 1 054 1 656 537 (232) (143)
Cash operating profit – Chrome Mine R million 124 157 278 120 (57)
Cash operating margin R million 26 30 15  
Average nickel price R million 16 245 15 488 15 102 9 275 (39)
Capital expenditure R million 189 258 666 488 (26)

Platinum division

Platinum Division map

Platinum division map


Partner company

Norilsk Nickel

www.nornik.ru/en


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