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Overview

Platinum Mile, a tailings retreatment facility, is located on the Rustenburg Platinum Mine lease area, adjacent to Kroondal. This surface facility recovers PGMs from the tailings streams of various platinum and chrome mining operations in the vicinity. Following its acquisition of Aquarius Platinum Limited, Sibanye has a stake of 91.7% in Platinum Mile.

Key statistics

  2016
OPERATIONAL RESULTS    
Ore milled (surface) Mt 5.7
Plant head grade g/t 0.65
Recoveries % 11.5
4E PGM produced 000oz 13,673
4E PGM sold kg 425
Revenue R/kg 308,471
Average PGM (4E) basket price R/oz 12,497
  US$/oz 851
COSTS AND MARGINS    
Operating cost R/t 16
  $/t 1
  R/4Eoz 6,640
  $/4Eoz 452
Operating profit Rm 40.3
Operating margin % 31
Capital expenditure – total Rm 1.3

Platinum Mile is a re-treatment facility that receives tailings from the UG2 and Retrofit plants. Platinum Mile re-treats this material and then deposits onto Paardekraal dam. Sibanye declares the production for Platinum Mile, but due to it being a re-treatment operation, no resources and reserves are declared for Platinum Mile.