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North shaft chairlift project, South Africa

28th March 2014

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
North shaft chairlift project, North West, South Africa.

Client
BRPM Joint Venture (JV), comprising Royal Bafokeng Platinum (RBPlat) and Anglo American Platinum (Amplats).

Project Description
The North shaft chairlift project includes the development and installation of a chairlift from surface to 5 level.

Value
R110-million.

Duration
Construction of the North shaft chairlift project started in June 2011 and is expected to be completed in the first quarter of 2015.

Latest Developments
The North shaft chairlift project was 83% complete at the end of 2013, compared with a planned completion of 86%. The shortfall between actual and planned completion is attributed to an amended construction strategy, which will allow for the civil, mechanical and electrical construction to be effected concurrently, subsequent to the completion of mining, as opposed to a modular level-by-level approach during the development phase.

Capital expenditure on this project during 2013 was R42-million. The cumulative project expenditure at year-end was R71-million, compared with a planned expenditure of R92-million. The variance is attributed to the shortfall in project progress and a decision to defer the procurement of the chairlift drive stations, owing to the change in RBPlat’s construction strategy.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
The North shaft chairlift project forecast completion date remains on schedule for the first quarter of 2015. The project expenditure is forecast to be within the approved project budget of R110-million at project completion.

Contact Details for Project Information
RBPlat communications manager Kea Kalebe, tel +27 14 573 1487, fax +27 86 219 5131
or email kkalebe@bafokengplatinum.co.za.
Amplats corporate communications, Mpumi Sithole, tel +27 11 373 6246, fax +27 11 373 5846 or
email Mpumi.sithole@angloamerican.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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