Partnership with the Baphalane Ba Mantserre Community Demonstrates Anglo American Platinum’s Commitment to Transformation

Anglo American Platinum today announced the official launch of a chrome recovery plant at its Amandelbult Complex in Limpopo to produce commercial grade chromite concentrate. In line with Anglo American Platinum’s commitment to broad-based empowerment, the company is partnering with the Baphalane Ba Mantserre community to own and operate the plant.

The plant was constructed, financed and commissioned by Anglo American Platinum during 2016 at a value of R474 million. It will be owned and operated in a Joint Venture between Anglo American Platinum’s wholly-owned subsidiary Rustenburg Platinum Mines Limited, with a 74% shareholding, and Baphalane Siyanda Chrome Company (BSCC) with a 26% shareholding.

The Baphalane Ba Mantserre Community that surrounds the Tumela and Dishaba mines within the Amandelbult complex owns 75% of the share capital of BSCC, with the remainder owned by Siyanda Resources and Mega Chrome Management as technical partners. The plant is expected to reach steady state production by the end of H1 2017.

Commenting on the launch, Chief Executive Officer Chris Griffith said: “The joint venture with the Baphalane Ba Mantserre community is directly in line with Anglo American Platinum’s strategy of empowering surrounding communities through value-generating transactions. This transaction will create long-term, sustainable empowerment and aligns with our strategy of identifying capital-light projects to generate further value from existing assets.”

Siyanda Resources chairperson Lindani Mthwa said: “We bring our proven expertise in chrome extraction to this exciting new venture. We are proud to partner with Anglo American Platinum and the community of Mantserre. We believe that this partnership has all the ingredients to succeed now and into the future.”

Anglo American Platinum Amandelbult Complex Social & Labour Plan (SLP) initiatives:

Anglo American Platinum is committed to supporting economic development in the communities in which it operates. At the Amandelbult complex, the Company’s implemented SLP initiatives have included: provision of water and sanitation infrastructure, provision of equipment for the local health clinic, renovation of a stadium to cater for more sporting codes, installation of high mast lights, construction and equipping of a sewing factory and retail store facility, and refurbishment of the Modise Secondary School and the Ga-Ramokoka Tribal office to ensure that community members have access to decent facilities.