African Rainbow Minerals Suspends Operations at Bokoni Platinum Mine

African Rainbow Minerals suspends operations at Bokoni platinum mine

African Rainbow Minerals has suspended operations at its loss-making Bokoni platinum mine while it works on a revised mining plan for the asset, it said on Friday as it reported a sharp fall in basic annual earnings.

South Africa's ARM suspends mining operations at Bokoni platinum mine

Bokoni's platinum group metal concentrate production rose 62% to 45,579 ounces in the year, but the mine's cash costs surged 48% to $2,051 per ounce