Bokoni Mine definition

Bokoni Mine or “Bokoni” means Bokoni is an operating mine located on the north-eastern limb of the Bushveld Complex, situated in the Sekhukhune-land District of the Limpopo Province, South Africa. Bokoni Mines also includes the Avoca and Klipfontein mineral properties (previously part of Ga-Phasha), which were consolidated with the Bokoni Mine’s activities on December 13, 2013;
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Bokoni Mine means Bokoni Platinum Mines (Proprietary) Limited, an indirect subsidiary of the Company and a private company incorporated under the laws of South Africa;
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Bokoni Mine means the PGM mine, located on the Eastern Limb of the Bushveld Complex in South Africa on the Diamond, Wintersveld, Jagdlust, Middelpunt, Umkoanesstad Zeekoegat, Avoca and Klipfontein farms, formerly named the Lebowa Platinum Mine;
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Examples of Bokoni Mine in a sentence

  • Capital work-in-progress consists of mine development and infrastructure costs relating to the Bokoni Mine and will be transferred to property, plant and equipment when the relevant projects are commissioned.

  • Anglo American Platinum has agreed to fund, directly or indirectly, via a loan account to Bokoni Mine, 51% of all one-off costs associated with placing Bokoni Mine on care and maintenance, as well as ongoing care and maintenance costs, up until December 31, 2019.

  • Pursuant to the terms of various shared services agreements, the Anglo American Platinum group of companies will continue to provide certain services to Bokoni Mine at a cost that is no greater than the costs charged to any other Anglo American Platinum group company for the same or similar services.

  • The Bokoni Shareholders have therefore agreed to implement the 2017 Restructure Plan as the most appropriate strategy, having regard to long term asset value preservation and potential future sustainability of Bokoni Mine.

  • The immediate to medium term outlook for Bokoni Mine remains negative, given the current weak PGM pricing environment which is expected to remain under pressure for the foreseeable future.In addition to investigating the various mine re-configuration options, the Bokoni Shareholders have also actively investigated various potential funding and corporate ownership alternatives, including seeking to introduce new funding partners and/or a disposal of Bokoni Mine.

  • The following summary describes the operations in each of the Group’s reportable segments:• Bokoni Mine – Mining of PGM’s.• Projects – Mining exploration in Kwanda exploration projects.

  • Relationships Related partyNature of relationshipRPMThe Group concluded a number of shared services agreements between Bokoni Mine and RPM, a wholly owned subsidiary of Anglo American Platinum and a 49% shareholder in Bokoni Holdco.

  • Management has assessed the impact of the above-mentioned standards, and do not believe that there will be a significant impact to the financial statements given the current care and maintenance phase of Bokoni Mine.

  • Bokoni Mine restructure planNotwithstanding various attempts since 2014 to restructure the Bokoni Mine through, inter alia, shaft closures and other measures in order to achieve profitability, Bokoni Mine’s operations remained cash negative.Prior to July 2017, the Group and Anglo American Platinum (the “Bokoni Shareholders”), together with Bokoni Mine’s management, have continued to investigate a range of further mine re-configuration options.

  • GOING CONCERN continued2017 Restructure PlanThe salient terms of the Letter Agreement are as follows: Phase 1:• Atlatsa to place the Bokoni Mine on care and maintenance;• Anglo American Platinum to fund all costs associated with the care and maintenance process up until December 31, 2019; and• Anglo American Platinum to suspend servicing and repayment of all current and future debt owing by the Group until December 31, 2019 (“Debt Standstill”).


More Definitions of Bokoni Mine

Bokoni Mine means the mine known as “Bokoni Platinum Mine" operated by the Target Firm;
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Related to Bokoni Mine

  • sugar means the organic compound glucose, fructose, xylose, arabinose, lactose, sucrose, starch, cellulose, or hemicellulose.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • smelter means an electrolytic reduction plant for the conversion of alumina to aluminium using alumina produced from bauxite;

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Minerals means any and all ores (and concentrates derived therefrom) and minerals, precious and base, metallic and non-metallic, in, on or under the Property which may lawfully be explored for, mined and sold.

  • Gold means (i) Physical Gold held by the Custodian or any Sub-Custodian under this Agreement and/or (ii) any credit to an account, including a Fund Unallocated Account, on an Unallocated Basis, as the context requires.

  • We/Us/Our means TATA AIG General Insurance Company Limited.

  • CBM means Capacity Benefit Margin.

  • Concentrate means the product of a process of extraction of metal or a metallic mineral from mineral ore that results in substantial enrichment of the metal or metallic mineral concerned;

  • Other Minerals means sulphur, lignite, coal, uranium, thorium, iron, geothermal steam, water, carbon dioxide, helium and all other minerals, ores or substances of value whether or not generally produced from a wellbore in conjunction with the production of oil and gas.

  • SUD means Substance Use Disorder and refers to a condition in which the use of one or more substances leads to a clinically significant impairment or distress per the latest DSM.

  • OJEU means the Official Journal of the European Union.

  • MGD means million gallons per day. "mg/l" means milligrams per liter. "ug/l" means micrograms per liter. "ng/l" means nanograms per liter. "S.U." means standard pH unit. "kg/day" means kilograms per day.

  • TELRIC means Total Element Long-Run Incremental Cost.

  • Pistol means any firearm with a barrel less than sixteen inches in length, or is designed to be held and fired by the use of a single hand.

  • Hashish oil means any oily extract containing one or more cannabinoids, but shall not include any

  • Mine means to carry on an operation with a view to, or for the purpose of—

  • Mineral means gas, oil, and coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fissionable and nonfissionable ores; colloidal and other clays; steam and other geothermal resources; and any other substance defined as a mineral by a law of this state.

  • Coal mine means an area of land and all structures, facilities, machinery, tools, equipment, shafts, slopes, tunnels, excavations, and other property, real or personal, placed upon, under, or above the surface of such land by any person and used in, to be used in, or resulting from the work of extracting in such bituminous coal, lignite, or anthracite from its natural deposits in the earth by any means or method, including the work of preparing the coal so extracted, and such term includes custom coal preparation facilities.

  • Spring means a source of water where an aquifer comes in contact with the ground surface.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • concentrates means flavoring ingredients and, depending on the product, sweeteners used to prepare syrups or finished beverages;

  • Silver means elemental silver having an atomic weight of 107.869 and the chemical element symbol of Ag, whether found by itself or in combination with its alloys or any other metal.

  • Solid film lubricant means a very thin coating consisting of a binder system containing as its chief pigment material one or more of molybdenum disulfide, graphite, polytetrafluoroethylene (PTFE) or other solids that act as a dry lubricant between faying surfaces.

  • iron ore concentrates means products (whether in pellet or other form) resulting from secondary processing but does not include metallised agglomerates;