Anglo Platinum Limited (‘Anglo Platinum’ or ‘the Company’) is listed on the JSE Securities Exchange, South Africa (JSE) and is the sole listed entity for the Group. It is also listed on The London Stock Exchange. International Depositary Receipts in respect of the Company’s shares are listed on the Brussels Bourse.
‘Group’ refers to the Company and its major wholly owned subsidiaries: Anglo Platinum Management Services (Proprietary) Limited; Rustenburg Platinum Mines Limited (RPM); Potgietersrust Platinums Limited (PPRust); Lebowa Platinum Mines Limited (Leplats); and all other subsidiaries.
The Group holds a 22,5% share of Northam Platinum, acquired as a consequence of a mineral rights swap.
The Group is also in joint venture with: ARM Platinum, a historically disadvantaged South African (HDSA) consortium, to operate the Modikwa Platinum Mine; Royal Bafokeng Resources, an HDSA partner, over the combined Bafokeng-Rasimone Platinum Mine (BRPM)/Styldrift properties; Lonmin Platinum and HDSA partners, the Bapo Ba Mogale Tribe and Mvelaphanda, over the Pandora PGM reserves; and has a Pooling and Sharing agreement (PSA) with Aquarius Platinum (South Africa), covering the shallow reserves of its Kroondal Mine and RPM’s Rustenburg Section.
The Group’s smelting and refining operations are wholly owned through RPM and situated in South Africa.
These operations treat concentrates not only from its wholly owned operations, but also from its joint ventures.
In Zimbabwe, the Group envisages a 51% controlling share in the Unki Platinum Mine. Potential partners include: Anglo American Corporation of South Africa, 29%; a local Zimbabwean consortium, 15%; and an Anglo American Corporation Zimbabwe employees’ trust, 5%.
Elsewhere in the world, the Group conducts exploration at the River Valley project in the Sudbury district of Ontario, Canada (through a joint venture with Pacific North West Capital [PFN] of Vancouver, which manages the project), and at Agnew Lake, also in the Sudbury district (through an agreement with (PFN) and Platinum Group Metals Limited). The Group is in joint venture with Eurasia to evaluate certain properties in the Vissim district of the Ural Mountains, near Yekaterinberg in Russia, and is also conducting PGM exploration at Pedra Branca in Brazil. In addition, an exploration and potential mining joint venture between the Sishuan Bureau of Geology and Mineral Resources and RPM for PGMs within the Dunba, Gaojacun and Xinjie areas in the Sishuan Province in China was negotiated and a cooperative joint venture entered into over all the areas of interest.