JOHANNESBURG (miningweekly.com) – Bokoni and Nkomati are two of African Rainbow Minerals’ (ARM’s) 100%-owned flagship projects that are poised to unlock significant long-term value for ARM and its shareholders, ARM CEO Phillip Tobias emphasised during an investor conference call on Friday, July 31 to discuss the outcomes of Bokoni’s 180 000-t-a-month development project and the recommencement of the Nkomati opencast mine.
Tobias described Bokoni as a high-grade growth platform that was positioning ARM as a globally competitive, low-cost platinum group metals (PGMs) producer and pointed out that the recommencement of operations at Nkomati re-established South Africa's only primary nickel producer through a low capital intensity and a value-enhancing restart. (Also watch attached Creamer Media video.)
The Bokoni project, valued at R15.2-billion with a 15% contingency, is expected to generate a post-tax net present value of R5.9 billion and an internal rate of return of 28%.
The Nkomati restart, with a R753-million capital expenditure (capex), aims for a payback period of 5.3 years and a 28.4% internal rate of return.
Both projects are designed to enhance ARM's long-term value and resilience.
