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Revised Schedule of Fees for Applications made to the South African Heritage Resources Agency (SAHRA)

Closure of the Doornspruit 84 and Roodekraalspruit 113 JQ Prospecting Right

CaseViews

CaseHeader

Status: 

HeritageAuthority(s): 

ProposalDescription: 

Impala Platinum Limited (Impala) and Royal Bafokeng Resources Platinum Unincorporated Joint Venture (Impala/RBRP joint venture) hold a prospecting right MPT number 497/2007 PR (DMR reference number NW 30/5/1/1/2/878 (10369) PR) for platinum group metals (PGMs), silver, gold ore, cobalt , chrome ore, copper ore, nickel ore, iron ore, vanadium ore and sulphur (in pyrite) on a portion of the farm Doornspruit 84 JQ (Doornspruit) as well as the remaining extent of the farm, portion 2, the remaining extent of portion 6, portion 8, a portion of portion 3, a portion of portion 4 and a portion of portion 5 of the farm Roodekraalspruit 113 JQ (Roodekraalspruit). The prospecting right area is located approximately 22 km north east of Rustenburg in the Rustenburg Local Municipality and the Bojanala Platinum District Municipality in the North West Province. Impala on behalf of the Impala/RBRP joint venture is now planning to close the Roodekraalspruit and Doornspruit prospecting right

Expanded_Motivation: 

Impala has faced tremendous economic and financial challenges throughout the last few years. As a result thereof, Impala undertook a strategic review of its Impala Rustenburg Operation, and assessed the outlook going forward, particularly in response to the prevailing market conditions. The review included the Roodekraalspruit, Doornspruit, Klipgatkop and Diepkuil Joint Venture projects, adjacent to the Impala Rustenburg Operation. To this effect a joint decision was made by the Impala Platinum Ltd / Royal Bafokeng Resources Platinum Unincorporated Joint Venture not to proceed with the Joint Venture. Furthermore, Impala will not continue to include the Joint Venture project area into its adjacent Converted Mining Right 131 MR. The Joint Venture project area was originally secured as certain potential future shafts (for example 18 shaft) at Impala would have exploited some of the mineral resources underlain by this Joint Venture project area. Effectively all plans to develop such new mining infrastructure have been shelved by Impala.

ApplicationDate: 

Tuesday, May 14, 2019 - 14:16

CaseID: 

13812

OtherReferences: 

ReferenceList: 

 
 

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