https://www.engineeringnews.co.za

ARM buys out JV partner in Nkomati mine

Nkomati nickel mine, in Mpumalanga

Nkomati nickel mine, in Mpumalanga

24th November 2023

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

South African diversified miner African Rainbow Minerals (ARM) has concluded an agreement to buy global nickel and palladium miner Norilsk Nickel Africa’s (NNAf’s) 50% interest in the joint venture (JV) Nkomati nickel mine, in Mpumalanga, for R1-million.

ARM will take over the environmental liabilities of the mine, together with NNAf’s proportionate share of the obligations and liabilities relating to the mine’s assets.

The agreement, in the form of a sale agreement, requires approval from the South African competition authorities and consent in terms of the Mineral and Petroleum Resources Development Act.

ARM expects the transaction to close in 2024, following which the existing JV partnership agreement between ARM and NNAf will terminate.

The Nkomati mine has been on care and maintenance since March 2021, with the status quo for the mine continuing to be challenging owing to uncertainties in the nickel sector and ongoing care-and-maintenance costs.

ARM maintains that Nkomati is a known and predictable nickel sulphide orebody with established infrastructure, a relatively low carbon footprint and short lead times to resuming steady-state production of class one compatible nickel sulphide production.

The mine also has attractive by-metal product credits including copper, cobalt, platinum, palladium and chrome.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.068 0.914s - 140pq - 2rq
Subscribe Now