| Modikwa - UG2 Project |
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Modikwa - UG2 |
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Country |
South Africa
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Province |
Limpopo |
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Status |
PRODUCTION
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Legends
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| Risk and valuation analysis of the Modikwa - UG2 Project |
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| Title(s) of the Modikwa - UG2 Project |
 | African Rainbow Minerals Ltd
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| During 2001 a 50:50 JV agreement was
signed between Rustenburg Platinum Mines and ARM Mining Consortium Limited.ARM’s effective stake in Modikwa is 41.5%, through its 83% ownership
of the ARM Mining Consortium. The other 8.5% is held by the Mampudima and Matimatjatji community companies through their 17% shareholding in
the ARM Mining Consortium. |
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| Location of the Modikwa - UG2 Project |
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The Modikwa platinum underground mine is situated some 15km north of Burgersfort and 15km east of Steelpoort, along the border between the
Mpumalanga and Limpopo provinces in South Africa. Located at longitude 30º10’S and latitude 24º40’E, the site is accessed via the R37 road between
Polokwane and Burgersfort.
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| History of the Modikwa - UG2 Project |
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Exploration in the area started in the mid 1920s with the discovery of the Merensky Reef. During the late 1980s further drilling was completed on the
UG2 and Merensky reefs. In the late 1990s a feasibility study was completed on the exploitation of the UG2.
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Data last updated on : 6/1/2005
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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