Modern Mining April 2023

Platinum miner, Impala Rustenburg, invested just over R40 million to expand the facilities areas at its 16 Shaft operation. This is to accommodate the company’s growth over the past few years, which has seen an additional 2 000 people employed by the platinum group metals producer. Local businesses complete R40m expansion at Impala Rustenburg’s 16 Shaft The expansion includes modern offices, a change house and lamp room facilities, which will contribute to improving 16 Shaft’s morale, culture, efficiency and productivity. The project was completed in partnership with Mmakgoge Group, a women-owned mine-community SMME from Kanana. Local

CEO Mark Munroe at the ribbon cutting.

sub-contractors from mine-host communi ties were also employed for the project, further benefitting Impala Rustenburg’s communities. The project involved at least 110 employees on site, and the ad hoc use of local sub-contractors. Mark Munroe, chief executive at Impala Rustenburg said: “This investment in our operations improves our efficiency and created opportunities for the communities around us. We remain com mitted to providing safe, sustainable and value-adding mining practices while also investing in the local business community to ultimately create a better future for all our stakeholders.” 

Impala Rustenburg operations.

Orezone closes C$16.5 million private placement TSX-lised Orezone Gold Corporation has announced the completion of 13 million common shares at a share price of C$1.27 for gross proceeds of C$16 510,000. The offering was arranged with a large and well established institutional fund, the company said. porate growth strategy in the region. Orezone is focusing on mining and pro cessing the Phase I near surface free-dig oxides at a planned annual throughput of 5.2 million tonnes. The company believes that Bomboré has a significant underlying sulphide resource to support a substantially larger Phase II expansion. The company has recently completed a resource defini tion drill programme, and plans to issue an updated mineral resource, reserve and life of mine plan, as part of this Phase II expan sion. It is expected that the pending study The net proceeds of the offering will be used to advance several strategic initiatives, including accelerated project development at Bomboré ahead of the Phase II sulphide expansion; additional targeted exploration drilling; and advancement of Orezone’s cor

Orezone has raised funds to advance several strategic initiatives. will be completed in Q3-2023 to be fol lowed by a production decision. 

April 2023  MODERN MINING  7