UNDERGROUND MINING

Anglo American approves Der Brochen extension

Mining company expects return on investment of 25%

 Mining company expects return on investment of 25%

Mining company expects return on investment of 25%

Anglo American Platinum's board of directors has approved the 30-year life extension of the Mototolo/Der Brochen project in South Africa for USD$244.9 million (R3.9 billion).

The mining company said the project's approval supports its strategic approach of maximising value from its core portfolio of assets, investing capital into life-extension projects that "generate strong returns."

The execution of the project will begin in Q1 2022. Capital investment will take place over six years, with the majority invested in 2022, 2023 and 2024, with financial returns of 25%.

Natascha Viljoen, chief executive officer of Anglo American Platinum, described the Der Brochen project as an example of "high-quality, low-cost expansion."

Additionally, Viljoen said the company is also working to improve workstreams at its Mogalakwena project and that the business has continued to benefit from the "strong market fundamentals" despite the effects of the COVID-19 pandemic.

The company's workstreams at the Mogalakwena project include technology upgrades, downstream processing, and increasing concentrator capacity. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions