African Rainbow Minerals earmarks R1bn in capex for Bokoni Platinum Mine
The diversified miner benefited from higher commodity prices after global economic instability
06 March 2023 - 09:18
UPDATED 06 March 2023 - 17:56
African Rainbow Minerals (ARM), the diversified miner founded and chaired by Patrice Motsepe, has earmarked R1bn in capital expenditure to revive the Bokoni Platinum Mine, the operations of which have been idling since 2017 when they were put under care and maintenance by the previous owners.
ARM bought Bokoni from the joint partnership between Anglo American Platinum and Atlatsa Resources Corporation last September in a R3.5bn cash transaction that ARM hopes will scale up its platinum group metals (PGM) portfolio...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.