This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation.
A lower-risk secondary mining business, which focuses on extracting value from platinum group metals (PGM) surface waste that hosts chrome, is being built by the South Africa PGM Operations of Sibanye-Stillwater.
The opportunity lies in unlocking PGM and chrome value from the large, accessible upper group two (UG2) tailings resources on surface.
UG2 tailings retreatment, fine chrome recovery and processing capability are creating a new value stream.
The first part of the surface processing strategy – Phase 1 of the WLTR recovery plant upgrade project – has already arrived.
This phase, which involves treating tailings to recover chrome as well as PGMs, supports the broader South Africa PGM Operations surface retreatment strategy.
The feasibility study has been completed, board approval has been received, and construction is scheduled to begin in the second half of this year, with commissioning expected by the end of 2027, Sibanye-Stillwater executive VP processing Lucas Msimanga reported during the Capital Day covered by Mining Weekly. (Also watch attached Creamer Media video.)
The projected capital is R0.9-billion, payback is two years, Phase 1's economic life is six years, net present value is R1-billion, internal rate of return is 43%, and operating costs were described by an upbeat Msimanga as being "very competitive".
Historical UG2 tailings storage facilities (TSFs) across the Rustenburg and Marikana regions provide the material, the primary value driver is chrome coupled to meaningful PGM upside, and available PGM concentrator capacity offers the capability of recovering PGMs in an integrated and efficient manner.
With a switch to magnetic processing technologies, the surface resources also present a significant chrome recovery opportunity.
A million tons of historic UG2 tailings are there for the taking and Sibanye-Stillwater has vast processing and tailings infrastructure spread across 70 km of PGM footprint to handle current and future mining output.
The Johannesburg Stock Exchange- and New York Stock Exchange-listed mining and marketing company's vast footprint takes in Marikana as well as the Rustenburg region, and within the footprint are concentrators for primary processing of the material from the underground operations.
Capacity is adequate to process the current and future projects. Total available concentrate capacity across Sibanye-Stillwater's South Africa PGM operations is 1 605 000 t a month.
All of this is linked to long-term TSFs. The life of the Paardekraal TSF in Rustenburg extends to 2060, as does the Marikana Pits TSF and Hoedspruit in Marikana extends to 2044.
"We've got the capacity to dispose of those tailings safely, as well as in an environment-friendly manner.
"When processing, we continuously seek to improve recoveries. We're benchmarking internally as well as externally, and we want to raise recoveries as high as possible," Msimanga pointed out.
Standout 36% recovery is being achieved by the WTD5, Hoedspruit and Marikana Pits TSFs, with recoveries from the other TSFs ranging from 11% to 17%.
"Our objective is to get close as possible to the 36%, which will be done by optimisation of the TSF operations and the deployment of the right technology," said Msimanga, who drew attention to the focus of Sibanye-Stillwater's seven relatively shallow primary adjoining mining projects also being largely on UG2 reef, which, provided the company continues to invest appropriately across concentrators, supports operational reliability.
Targeted sustaining capital has maintained high equipment availability and recovery performance. This approach supports structurally lower unit costs.
The result is a flexible processing platform that supports processing requirements of curren...