Bafokeng Rasimone Platinum Mine Joint Venture (BRPM JV)

The BRPM JV is located on the Western Limb of the Bushveld Igneous Complex, approximately 30km north west of the town of Rustenburg in the North West province of South Africa and immediately south of the Pilansberg Complex. It is situated on the only major shallow platinum group metals (PGMs) reserves still available for mining in South Africa.

RBPlat was created from the restructuring of the BRPM JV between Royal Bafokeng Holdings (RBH), which manages and develops the commercial assets of the Royal Bafokeng Nation (RBN) and Anglo American Platinum Limited (Amplats). This restructuring resulted in the ownership and control of the mining operations of the joint venture vesting in the RBN, via its subsidiary RBPlat.

RBPlat has operated the BRPM JV since 4 January 2010 with Merensky and UG2 resources and reserves on the farms Boschkoppie 104JQ, Styldrift 90 JQ and specific portions of Frischgewaagd 96JQ. Our operations consist of BRPM, which consists of a North and South shaft, the Styldrift I project and BRPM Concentrator complex. We have also completed a pre-feasibility on our Styldrift II exploration project to the east of our current Styldrift I project.

The geology of the Bushveld Complex

Geologists estimate that the Bushveld Complex, the world’s largest known ultramafic igneous layered intrusion containing approximately 90% of the world’s known platinum group metals (PGMs), was formed approximately 2 000 million years ago. In addition to the PGMs, extensive deposits of iron, tin, chromium, titanium, vanadium, copper, nickel and cobalt also occur in the Complex. The Bushveld Complex extends approximately 450km east to west and approximately 250km north to south. It underlies an area of some 65 000 km², spanning parts of the Limpopo, North West, Gauteng and Mpumalanga Provinces.