{"id":7597,"date":"2012-02-03T01:38:20","date_gmt":"2012-02-02T23:38:20","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-amplats-to-pump-325-mln-bokoni-mine\/"},"modified":"2012-02-03T01:38:20","modified_gmt":"2012-02-02T23:38:20","slug":"update-1-amplats-to-pump-325-mln-bokoni-mine","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-amplats-to-pump-325-mln-bokoni-mine\/","title":{"rendered":"UPDATE 1-Amplats to pump $325 mln Bokoni Mine"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, FEB 2<\/span> (Reuters) &#8211; Anglo American<br \/>\nPlatinum, the world&#8217;s largest producer of the precious<br \/>\nmetal, has agreed to help boost production at Anooraq Resources&#8217;<br \/>\n Bokoni Platinum Mine through a new 2.6 billion rand<br \/>\n($325 million) capital development programme.<\/p>\n<p><span><\/span><\/p>\n<p>This capital means the mine can now target 245,000 ounces by<br \/>\n2016, an increase of 100,000 ounces.<\/p>\n<p><span><\/span><\/p>\n<p>The new spending on the mine forms part of a restructuring,<br \/>\nrefinancing and recapitalisation deal unveiled by the companies<br \/>\non Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Essentially a lifeline for Anooraq, the new strategic plan<br \/>\nensures that Amplats shares in the mine&#8217;s potential, which is<br \/>\npromising given longer-term prospects for the platinum price.<\/p>\n<p><span><\/span><\/p>\n<p>A series of interrelated transactions will see Amplats<br \/>\nacquire Anooraq&#8217;s Boikgantsho project and the eastern section of<br \/>\nthe Ga-Phasha project for 1.7 billion rand.<\/p>\n<p><span><\/span><\/p>\n<p>While this will be put towards repaying Anooraq&#8217;s 3 billion<br \/>\nrand debt to Amplats, the smaller company will still recieve up<br \/>\nto 1.3 billion rand under a consolidated debt facility.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, FEB 2 (Reuters) &#8211; Anglo American Platinum, the world&#8217;s largest producer of the precious metal, has agreed to help boost production at Anooraq Resources&#8217; Bokoni Platinum Mine through a new 2.6 billion rand ($325 million) capital development programme. This capital means the mine can now target 245,000 ounces by 2016, an increase of 100,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7597","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7597"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}