Deep in the heart of South Africa’s Limpopo province is Mogalakwena mine.
This large open-cast mine situated near the town of Mokopane, within the Mogalakwena Local Municipality, is wholly-owned Southsby Anglo American and represents one of the largest platinum reserves in South Africa.
The mine was established in 1993 and is currently the largest open pit platinum mine in the world. In 2014, Mogalakwena delivered more than 370 000oz of equivalent refined platinum, an increase of 70 000oz over 2012.
The operation today comprises five open pits (North, Central, South, Zwartfontein and Sandsloot). All five pits feed two concentrators (North and South) as well as an off-site (on contract) Baobab concentrator as well.
The mine boasts high margins which benefits from a high palladium revenue split (32% platinum, 37% palladium and 20% from base metals, 15% of which is from nickel). With significantly large volumes of palladium, it is profiting substantially from the rising palladium price.
According to mteexpos.co.za & miningreview
