JOHANNESBURG (miningweekly.com) – Remaining project capital of R964-million of the total of R4.4-billion in real 2026 terms is to be spent this year and next on Sibanye-Stillwater’s K4 platinum group metals (PGMs) project at Marikana in South Africa’s North West province.
The project is on track for steady-state production in 2033 and has a 48-year economic life, which bodes well for the community of the Rustenburg municipal area in particular. (Also watch attached Creamer Media video.)
Ramp-up of production at K4 began in the second quarter of 2022 and the operation is expected to employ 4 380 people when it reaches steady state.
In the build-up phase, K4 is mining with 64 stoping crews while steady state production in 2032 will require 107 crews.
Already 77% complete, K4 has a net present value of R17.6-billion and is described as “a high-return project” underpinned by extensive existing infrastructure.
