Mining Mirror May 2017 - Page 6

Chrome plant empowers community Anglo American Platinum recently announced the launch of an Atomatic chrome recovery plant in the Limpopo province in partnership with the Baphalane Ba Mantserre community, writes Ntsako Khosa. T he plant was launched at an opening ceremony held at the Amandelbult Complex in Limpopo, with guests from government, Anglo American executives, as well as representatives of the community in attendance. The company is partnering with the Baphalane Ba Mantserre community to co-own and operate the plant. The plant will produce commercial grade chromite concentrate. It was constructed, financed, and commissioned by Anglo American Platinum during 2016, at a value of R474-million. It will be owned and operated in a joint venture between Anglo American Platinum’s [4] MINING MIRROR MAY 2017 wholly-owned subsidiary, Rustenburg Platinum Mines Limited, with a 74% shareholding, and Baphalane Siyanda Chrome Company (BSCC) with a 26% shareholding. The Baphalane Ba Mantserre community that surrounds the Tumela and Dishaba mines within the Amandelbult complex owns 75% of the share capital of BSCC, with the remainder owned by Siyanda Resources and Mega Chrome Management as technical partners. The plant is expected to reach steady-state production by the end of H1 2017. Commenting on the launch, CEO Chris Griffith says, “The joint venture with the Baphalane Ba Mantserre community is directly in line with Anglo American Platinum’s strategy of empowering surrounding communities through value-generating transactions. This transaction will create long-term, sustainable empowerment and aligns with our strategy of identifying capital- light projects to generate further value from existing assets.” Siyanda Resources chairperson, Lindani Mthwa, says, “We bring our proven expertise in chrome extraction to this exciting new venture. We are proud to partner with Anglo American Platinum and the community of Mantserre. We believe that this partnership has all the ingredients to succeed now and into the future.” Exploration and projects