Platinum Mile is a tailings retreatment facility located on the Rustenburg lease area adjacent to our Kroondal operations. The facility recovers PGMs from our Rustenburg operations.
A 91.7% interest in the facility was acquired in April 2016 through the purchase of Aquarius Platinum for R4.3 billion (US$ 292 million). On 29 June 2021, the 8.3% shareholding held by non-controlling shareholders in Platinum Mile was repurchased for a consideration of R128 million, resulting in Sibanye-Stillwater owning 100% of the operation.
In 2021, Platinum Mile increased the volumes recovered to 52,000 4E PGM oz at a reduced all-in sustaining cost of R9,486/oz or US$641/oz.