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+0.48Our Southern African mining operations are spread across the three main regions of the Bushveld Igneous Complex in South Africa’s Limpopo province and the Great Dyke in Zimbabwe.
They include the Mogalakwena open-pit and underground operations; Amandelbult, comprising Dishaba and Tumela; and Mototolo, which consists of the Lebowa, Borwa and Der Brochen shafts. Over the border in Zimbabwe, we have Unki, one of the most efficient hard rock bord-and-pillar mechanised operations in the world.
Mogalakwena is well-positioned for long-term organic growth optionality to deliver maximum value. Beyond the current open-pit operations, the Sandsloot exploration declines offer value and growth optionality from high-grade ore while retaining the ability to blend ore sources, further strengthening Mogalakwena’s position as a low-cost, high-margin operation. This approach allows the addition of lower-cost ounces without requiring major capital investment in either the concentrating assets or the downstream processing business.
Amandelbult is a strong margin contributor within the portfolio, supported by a higher-grade platinum and rhodium-heavy PGM split and by-products that strengthen portfolio diversification. This delivers the highest revenue per 3E ounce in the portfolio and one of the highest all-in sustaining cost margins at current PGM prices.
Mototolo provides optionality for organic growth. The operation is progressing the Der Brochen declines development, which is expected to deliver replacement ounces for the near-depleted Lebowa shaft at materially lower costs. In addition, the full economic benefit of chrome produced at Mototolo will now, on a 100% basis, accrue to the operation. Together with the continued focus on operational excellence, these factors should position Mototolo meaningfully further down the cost curve over time.
Unki plays a key role in delivering healthy margins, supported by multiple long-term life-extension options. The strategic approach of the mining operation emphasises consistent, safe and profitable production, the implementation of innovative technologies and disciplined cost management.
Mogalakwena is well-positioned for long-term organic growth optionality to deliver maximum value. Beyond the current open-pit operations, the Sandsloot exploration declines offer value and growth optionality from high-grade ore while retaining the ability to blend ore sources, further strengthening Mogalakwena’s position as a low-cost, high-margin operation. This approach allows the addition of lower-cost ounces without requiring major capital investment in either the concentrating assets or the downstream processing business.
Located in Limpopo on the Northern Limb of the Bushveld Complex, approximately 30km north-west of Mokopane.
Includes four open pits (Zwartfontein, Mogalakwena South, Central and North), and North and South concentrators, with twin exploration decline shafts at Sandsloot under development.
PGM-bearing Platreef ore (supporting both open-pit and longer-term underground optionality). Mines polymetallic Platreef reef, with operating pit depths varying from surface to approximately ~280 m.
Mechanised drill-and-blast with truck-and-shovel mining across pits (depths from ~128m to ~283m). Trial underground mining planned at Sandsloot using long-haul open stoping mining method.
Ore Reserves and Mineral Resources report 2025
Amandelbult is a strong margin contributor within the portfolio, supported by a higher-grade platinum and rhodium-heavy PGM split and by-products that strengthen portfolio diversification. This delivers the highest revenue per 3E ounce in the portfolio and one of the highest all-in sustaining cost margins at current PGM prices.
Situated on the North-western Limb of the Bushveld Complex, between Northam and Thabazimbi.
Comprises Tumela and Dishaba, two concentrators and two chrome recovery plants, supported by five vertical and seven decline shaft systems (to ~1.3km depth).
Merensky and UG2 reef ore (Bushveld Complex hosted), with operational flexibility across reef horizons and mining areas.
Mining spans Merensky and UG2 using a mix of conventional scattered breast mining with strike pillars.
Ore Reserves and Mineral Resources report 2025
Mototolo provides optionality for organic growth. The operation is progressing the Der Brochen declines development, which is expected to deliver replacement ounces for the near-depleted Lebowa shaft at materially lower costs. In addition, the full economic benefit of chrome produced at Mototolo will now, on a 100% basis, accrue to the operation. Together with the continued focus on operational excellence, these factors should position Mototolo meaningfully further down the cost curve over time.
Situated in Limpopo, about 50km south-west of Burgersfort in the Eastern Limb of the Bushveld Complex.
Current infrastructure includes three decline shafts (Lebowa, Borwa, Der Brochen), a concentrator and a chrome recovery plant.
Primarily UG2 reef ore (Bushveld Eastern Limb hosted), with Der Brochen forming part of the life-extension/continuity framework.
Fully mechanised board-and-pillar mining, aligned to reef geometry.
Ore Reserves and Mineral Resources report 2025
Unki plays a key role in delivering healthy margins, supported by multiple long-term life-extension options. The strategic approach of the mining operation emphasises consistent, safe and profitable production, the implementation of innovative technologies and disciplined cost management.
Located on the Great Dyke in Zimbabwe, about 60km south-east of Gweru.
A twin-decline shaft system provides access and ore conveyance. Run-of-mine ore is processed at an on-site concentrator and further processed at the on-site smelting facility.
The PGMs and associated base metals are hosted in the Main Sulphide Zone (MSZ)
Mechanised, trackless, bord-and-pillar underground mining, supporting steady-state production and mechanised productivity.
Ore Reserves and Mineral Resources report 2025
Our mining operations are undertaken in full compliance with all relevant laws and regulations.
For further information, please visit our Governance section