INVESTMENT
SBPM headed for
PLATINUM SUCCESS
Richard Shaft is a key production area at SBPM
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In 2018, Siyanda Resources, together with Bakgatla-Ba-Kgafela, became joint owners of Siyanda Bakgatla Platinum Mine (SBPM) after acquiring the mine from Anglo American Platinum. With over three years under new ownership, SBPM is doing well despite experiencing its fair share of challenges.
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BPM mine covers several production areas and two processing plants. These include Spud Shaft, Richard Shaft and Declines. The processing plants are Mortimer and Ivan Concentrator. Within four months after the takeover, the Decline shaft was reopened. Increased production and strong financials When new management took over in 2018, the mine was producing an average of 170 kt (kilotonnes) per month and just breaking even. The figure increased to 180 kt per month at the beginning of 2019, when the basket price per ounce of PGMs (platinum group metals) was approximately R12 000. “The team’s mission was firstly, to enable a stable business and labour environment. Thereafter our leadership and management teams aimed to meet the operational objective to increase the life of mine
