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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% in Platinum Mile.

Key statistics

  20172016
Production (attributable)      
Ore milled 000t 8,050 5,669
Plant head grade g/t 0.65 0.65
Plant recoveries % 11.62 11.54
Yield g/t 0.08 0.08
PGM production (4E – 2E) 000oz 19 13.7
PGM sales (4E – 2E) 000oz 19 13.7
Price and costs      
Average PGM basket price received R/oz 12,679 12,497
US$/oz 938 940 852
Adjusted EBITDA margin % 27 30
All-in sustaining cost R/oz 6,696 6,947
  US$/oz 503 473
All-in cost R/oz 6,815 6,947
  US$/oz 512 473
Capital expenditure      
Sustaining capital Rm 11 1.3
Corporate and projects Rm 2  
Total Rm 13 1.3
  US$m 1 0.1

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.