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ARM board approves R5.7-billion Merensky project at Two Rivers mine

The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The ARM-managed Two Rivers is a joint venture between ARM, at 51%, and Implats, at 49%. The operation is situated on the southern part of the eastern limb of the Bushveld Complex, some 35 km south-west of Burgersfort, in Mpumalanga.