“The acquisition and development of BPM will enable us to scale our platinum group metals portfolio,” Motsepe said in a statement on Monday.
African Rainbow plans to spend about 5.3 billion rand over three years, with mining operations at Bokoni restarting in 2023. The project will create about 5,000 jobs, half of them permanent, the company said.
The Bokoni mine, jointly owned by Amplats and Atlatsa Resources Corp., was placed on care and maintenance in 2017 as the Anglo American Plc unit wound down less profitable mines and shifted toward mechanized operations.
Read Full Story: https://www.mining.com/web/amplats-to-sell-bokoni-mine-to-african-rainbow-minerals/
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