Atlatsa Resources is a black economic empowerment (BEE) platinum group metals (PGM) mining, exploration and development company, with assets located on the Bushveld Igneous Complex of South Africa. The Bushveld Complex hosts numerous PGM mines and prospects, mainly within the Merensky and UG2 reefs and the Platreef mineralized horizons. Atlatsa completed the acquisition of a controlling interest in Bokoni Platinum Mines (formerly Lebowa Platinum Mines) from Anglo Platinum in July 2009, and now operates this four-shaft mine complex, currently producing some 150 000 4E ounces on an annualised basis. The Bokoni acquisition also gives Atlatsa controlling interests in the Ga-Phasha Project, located adjacent to Bokoni, and the Boikgantsho and Kwanda Projects.
The six PGMs, namely platinum, palladium, rhodium, osmium, ruthenium and iridium, occur together in nature alongside nickel, copper and gold. These metals have uses across various technological and industrial fields, with the automotive and jewellery sectors being key. South Africa’s Bushveld Igneous Complex is host to the largest known PGM resource in the world, and 2009 platinum production is anticipated to be 4.725 million ounces, almost 80% of global output (source: Johnson Matthey).
Atlatsa has a primary listing on the TSX Venture Exchange (TSXV: ARQ), and secondary listings on the NYSE: AMEX (ARO) and the JSE Limited (JSE: ARQ).