The Bokoni platinum group metals (PGM) mine being acquired for R3.5-billion by African Rainbow Minerals (ARM) hosts South Africa’s second largest PGM resource, with ready-built mining and processing plant infrastructure on site. Bokoni provides greater exposure to palladium and is close to ARM’s Modikwa and Two Rivers PGM mines. It lifts the JSE-listed company’s combined PGMs resource base by 135% to 266-million ounces of four-element (4E) PGMs.
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