Examples of Bokoni in a sentence
Capital work-in-progress consists of mine development and infrastructure costs relating to the Bokoni Mine and will be transferred to property, plant and equipment when the relevant projects are commissioned.
The 49% effective shareholder contribution to Bokoni was capitalised to the investment.
Anglo American Platinum has agreed to fund, directly or indirectly, via a loan account to Bokoni Mine, 51% of all one-off costs associated with placing Bokoni Mine on care and maintenance, as well as ongoing care and maintenance costs, up until December 31, 2019.
The members of the GZTT were invited to reply to a short follow-up questionnaire, and their views were sought on (i) the access to invoice data; (ii) the quality of invoice data; and (iii) the impact of the use of invoice data.
The remaining 51% is held by Atlatsa Resources.On 21 July 2017 Atlatsa Resources announced the placement of Bokoni Platinum Mine on care and maintenance, which was effected on 1 October 2017.
Pursuant to the terms of various shared services agreements, the Anglo American Platinum group of companies will continue to provide certain services to Bokoni Mine at a cost that is no greater than the costs charged to any other Anglo American Platinum group company for the same or similar services.
The cash deposits made is reflected in non-current cash deposits held by the Bokoni Environmental Rehabilitation Trust.
The Bokoni Shareholders have therefore agreed to implement the 2017 Restructure Plan as the most appropriate strategy, having regard to long term asset value preservation and potential future sustainability of Bokoni Mine.
The immediate to medium term outlook for Bokoni Mine remains negative, given the current weak PGM pricing environment which is expected to remain under pressure for the foreseeable future.In addition to investigating the various mine re-configuration options, the Bokoni Shareholders have also actively investigated various potential funding and corporate ownership alternatives, including seeking to introduce new funding partners and/or a disposal of Bokoni Mine.
Anglo American Platinum holds a 49% shareholding in Bokoni Holdco, which is equity accounted as an associate.