The closure and rehabilitation assessment of the Nkomati mine – a multi-metal mine in South Africa – will be completed by the end of March 2020. The mine will cease operations from the end of September 2020.
Nkomati mine is a 50:50 partnership between African Rainbow Mineral (Arm) and its partner Norlisk Africa.
Arm reported a 2pc loss in its earnings at R2,155mn ($138.11mn) in the six-month period that ended on Dec 31, 2019, down from R2,201mn($141.06mn) rand in the same period the prior year.
The loss has been attributed to lower manganese and platinum production at the Nkomati mine.
Copper production fell by 10pc to 2,895mt in the half year that ended on Dec 31, 2019, down from 3,222mt in the same period the previous year.
Nickel production dropped to 5,386mt, down by 19pc, in the six-month period, down from 6,624mt in the same period the previous year.
($1=R15.60)