African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe. Photo: Simphiwe Mbokazi African Rainbow Minerals chairperson and founder Patrice Motsepe
African Rainbow Minerals (ARM), which has South African entrepreneur Patrice Motsepe as founder and chairman, has taken a significant step towards revitalising its Bokoni Project through the board approval of the R15.2 billion project to double group platinum production.
The ambitious endeavour aims to create value for shareholders and establish a solid foundation for future growth in the global platinum group metals (PGM) market. ARM’s presentation to investors on the project n Friday highlighted a clear development pathway, following the completion of a comprehensive feasibility study.
The study, which was finalised in June, assessed critical operational workstreams including mining, processing, infrastructure, capital investments, and cost management. The group's chosen operating model centres around conventional stoping, supported by mechanised development, ensuring efficiency and higher yields, according to the presentation by the group.
A thorough technical review by global engineering and management consultancy Hatch and a subsequent financial model assessment further underscored the viability of the project.
