Operational reviews - Platinum

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ARM Platinum

Thando Mkatshana
Chief executive – ARM Platinum

KEY FEATURES FOR F2023

Tonnes milled at Two Rivers Mine were 3% higher compared to F2022

Production and sales volumes at Two Rivers impacted by the fatality and grade challenges

Modikwa Mine production volumes decreased by 3%

Decline in average realised US dollar PGM prices

52% decrease in headline earnings

ARM Platinum acquired Bokoni Mine on 1 September 2022

ARM Mining Consortium declared a R102 million dividend to communities

Material matters

  • Two Rivers tonnes milled were up 3% year on year
  • Sharp decline in platinum, palladium and rhodium prices in second half of F2023
  • Above-inflation cost increases.
  • Regrettably, Two Rivers Mine had one fatality
  • Committed to maintaining a safe and healthy work environment for all employees and contractors.
  • Continuous engagement with communities
  • Continued engagement with stakeholders impacted by Nkomati Mine being on care and maintenance.

1 ARM Platinum acquired Bokoni Mine on 1 September 2022.

Structure

1The acquisition of Bokoni Platinum Mine became effective on 1 September 2022. A 15% shareholding in ARM Bokoni Mine Consortium will be allocated to qualifying employees, local communities and black industrialists who will each hold 5%.

PGM production process