Approval of significant replacement capital expenditure
The BRPM North Shaft Merensky Phase III project will significantly extend Merensky production levels at the North Shaft, giving access to 1.41 million Merensky 4E ounces.
The R1.272 billion project, which has commenced, will span over a period of approximately 7 (seven) years and is currently scheduled to conclude in the third quarter of 2017.
The proportional share of capital required from RBPlat for the project amounts to R852.50 million over the project period and will be funded internally from cash generated by operations.
6 December 2010
- Rand Merchant Bank, a division of FirstRand Bank Limited