Bafokeng Rasimone Platinum Mine Joint Venture (BRPM JV)
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, which is made up of Boschkoppies and Styldrift mining right areas and a portion of the Frischgewaagd prospecting right area, since 4 January 2010. This includes operating BRPM, which consists of a North and South shaft and a concentrator, developing the Styldrift I project and evaluating the Styldrift II exploration project, which is in pre-feasibility phase.
The BRPM JV is located on the Western Limb of the Bushveld Complex, approximately 30km north west of the town of Rustenburg in the North West province of South Africa. It is situated on the only major shallow platinum group metals (PGMs) reserves still available for mining in South Africa.
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.