November 8, 2010 / 1:32 PM / 7 years ago

FACTBOX-South African platinum producers

Nov 8 (Reuters) - South African junior miner Royal Bafokeng Platinum (RBPJ.J) made a strong start on its market debut on Monday, after raising $440 million in South Africa’s second-largest initial public offering this year. [ID:nLDE6A607B]

RBPlat shares traded at 65.32 rand at 1315 GMT, 8 percent above the 60.50 rand issue price.

Below is a list of platinum miners in South Africa:

ANGLO PLATINUM

Anglo Platinum (Angloplat) (AMSJ.J), the world’s top producer of the metal, targets its 2010 output at 2.5 million ounces of refined platinum.

Angloplat sales of refined platinum rose 16 percent to 2.58 million ounces in 2009 due to refinery improvement even though underlying mine production was almost unchanged, and boosted by shipment of 164,000 ounces of platinum early in the year.

Refined production of palladium rose 3 percent to 1.36 million ounces, following expansion at Mogalakwena mine, while rhodium output rose 17 percent to 350,000 ounces.

IMPALA PLATINUM

Platinum output at Impala Platinum (Implats) (IMPJ.J), the world’s No. 2 producer of the metal, weakened in 2009, due to a two-week wage strike and stoppages of operations at one unit after a major fall of ground.

Production at Impala lease area fell 12 percent to 867,000 ounces in 2009, the lowest for several years, while sales fell 18 percent to 816,000 ounces.

Impala said it lost 50,000 ounces of platinum output due to strike action by workers and a further 25,000 ounces as a result of safety stoppages at other shafts.

Impala plans to lift output at the lease area to 1 million ounces per year within five years, but the outlook for the immediate future was flat.

LONMIN

Production of platinum in concentrate at Lonmin (LMI.L) fell 9 percent to 652,000 ounces in 2009, mainly due to the placement of the Limpopo mine on care and maintenance, the closure of a mine shaft and several half levels at its main Marikana mine, as well as cessation of open its pit operations.

Platinum supplies fell 6 percent to 666,000 ounces as the company sold small amounts from its stocks.

Lonmin expected a 5 percent rise in underlying production of platinum group metals (PGM) in 2010, due to a ramp-up from next-generation Marikana shafts.

NORTHAM PLATINUM

Northam Platinum’s (NHMJ.J) production of PGM in concentrate was stable in 2009 at 310,000 ounces, after lower ore output was offset by improved grades and processing of other PGM bearing materials such as smelter reverts.

The development of Booysendal project was expected to yield 130,000 ounces of PGM annually, including 75,000 ounces of platinum, before further expansion.

AQUARIUS PLATINUM

Aquarius Platinum Ltd AQP.L, the world’s fourth-largest platinum producer, said production at the Kroondal mine rose marginally to 241,000 ounces of platinum in concentrate, while output at Marikana mine rose 7 percent to 89,000 ounces in 2009.

Aquarius said the gains were made despite an unofficial strike by contract workers, which resulted in loss of 15,000-20,000 ounces of PGM output.

Aquarius Platinum, which operates four mines and two tailings retreatment operations in South Africa, jointly runs the Kroondal and Marikana mines with Anglo Platinum.

ARM PLATINUM

African Rainbow Minerals (ARIJ.J), involved in three PGM mining ventures in South Africa, produced 30,000 ounces of PGM as a by-product of nickel mining at its Nkomati nickel mine, where an expansion project is under way to lift output to 100,000 ounces per year.

Its 50-50 joint venture with Anglo Platinum, the Modikwa platinum mine, recorded stable output of 134,000 ounces achieved in 2009.

EASTERN PLATINUM

Eastern Platinum (Eastplats) (EPSJ.J) PGM output rose to 130,000 ounces in 2009 from 118,000 ounces, while sales of platinum in concentrate rose over 10 percent to 65,000 ounces.

Eastplats expected the reactivated Crocette operation will add around 50,000 ounces of PGMs annually to its total output once at full production.

OTHER

* Platinum Australia’s Smokey Hills mine started PGM operations in 2009 and milled 487,000 tonnes ore, shipping around 27,000 ounces of PGM in concentrate to processing facilities.

The Smokey Hills concentrator was designed to treat 720,000 tonnes per year which, at full production, should yield 95,000 ounces of PGM annually over a seven-year mine life.

* Platmin’s Pilanesberg open pit operation shipped 28,000 ouncesof PGM in concentrate in 2009 and expected output to rise to 160,000 ounces in 2010, with full production of 250,000 ounces of PGMs to be achieved the following year.

* Sylvania Resources is developing chrome tailings retreatment plants, collectively known as Slyvania Dump Operations (SDO), after commissioning two plants in 2009. The SDO processed 690,000 tonnes of tailings last year, yielding 21,000 ounces of PGM.

Source: Johnson Matthey Platinum 2010

Compiled by Agnieszka Flak; Editing by Dan Lalor

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