SPM’s Pilanesberg Platinum Mines (PPM) is situated in the Pilanesberg, in the BC, 207km west of Johannesburg.
In December 2020 SPM announced the expansion of operations at PPM into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties with an estimated resource base in excess of 60 million 4PGE ounces, considered one of the world’s largest undeveloped PGM deposits. The expansion will include the construction of a 110,000 tonnes beneficiation plant, employing cost- and energy-efficient Kell Technology.
SPM’s assets include
of contained 4E PGM resources
Under PPM - shallow, open-pit mine in the Western Limb:
of run of mine (RoM)
of total Probable Reserve
of the total Measured and Indicated Resource
Merensky and Upper Group 2 (UG2) concentrator plant:
With minimal capital expenditure the life of mine (LoM) has the potential to be extended for another ten years.
Currently the mining strategy is an owner-contractor operation, guided by the owner management and technical staff. PPM’s management team has been able to successfully maintain a good relationship with the contractors which has resulted in minimal disruption to production. The fleet is equipped with the latest Collision Avoidance Technology, thereby enhancing safety.
|Western Limb||Type of Operation||Mined Tonnes Reef - million||Recoverable Ounces - million||Life of Mine|
|Tuschenkomst (West pit)||Open Pit||17.1||1.11||7||PPM|
|Sedibelo Central (East pit)||Open Pit||25.8||1.05||8||PPM|
|Sedibelo Central Decline||Underground Operations - Decline System||19.4||2.59||24||Sedibelo - Triple Crown|
|Sedibelo East Magazynskraal Decline||Underground Operations - Decline System||41.9||4.49||37||Sedibelo - Triple Crown|
|Ruighoek Pit||Open Pit||5.1||0.42||9||PPM|
|Sedibelo East Magazynskraal Deep Shaft||Underground Operations - Vertical Shaft||52.9||6.63||46||Magazynskraal - Triple Crown|
|Kruidfontein Shaft||Underground Operations - Vertical Shaft||40.4||5.95||28||Kruidfontein - Triple Crown|
|Eastern Limb||Type of Operation||Mined Tonnes Reef - million||Recoverable Ounces||Life of Mine|
|Mphahlele Decline Ramp||Underground Operations - Decline System||33.9||3.83||25||Mphahlele|
|Mphahlele Deep Shaft||Underground Operations - Vertical Shaft||47.3||4.34||22||Mphahlele|
Outstanding Safety record
than the industry benchmark
Number of medical treatment cases (“MTC”) and lost time injuries rate (“LTIR”)
Stringent cost control measures resulted in PPMs’ cost inflation being below the average for mining operations in South Africa.
Disciplined capital structure and cash management has meant that SPM’s gearing ratio is well below the industry average, compared to the rest of South Africa’s PGM industry.
EBITDA growth % 2020 YoY
SPM EBITDA growth
Productivity decrease 2020 YoY
4e ounce per employee
Concerted focus on productivity led to exceptional EBITDA performance. A pipeline of research and development projects is expected to deliver further unit cost reductions.