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BAKUBUNG MINEREALS (PTY) LTD- PHASE II ELECTRICITY TRANSFORMER UPGRADES
Bakubung Minerals (Pty) Ltd, the entity running Bakubung Platinum Mine, Wesizwe Platinum Limited’s flagship project embarked on an expansion project in conjunction with Eskom engineers to increase their substation’s capacity to mine requirements and to benefit the surrounding community as well.
This infrastructure project involved the conversion of a substation of 40mva 88/33kv transformers to 40mva 132/33kv transformers, connection of the substation to 132kv network and an NMD increase of 8MVA to 40MVA premium supply.
The project spent R73 543 589.62 (R73.5 million) where the infrastructure grant contributed R15 000 000.00 (R15 million), with ripple effects on the Rustenburg community like development of local entrepreneurs, job creation, increase in electrified homes.
BAKUBUNG MINERALS (PTY) LTD – PILANESBERG BULK WATER SUPPLY SCHEME
The same mining entity embarked on a similar project for the benefit of the same parties as above, (Mine & surrounding community).
Design, construction, and commissioning of bulk water supply pipeline and works from Sun City to Mafenya Kopje, Mining ventures, and Sun City R556 road to secure bulk water of 16Ml per day 8Ml of which will be used by BPM.
This also involved a 5mega litre water resevoir, which is currently the largest cement structure in the southern hemisphere to-date.
The project cost R61 663 576.00 (R61.7 million) where the grant contribution amounted to R15 000 000.00 (R15 million).
PEMBANI GROUP – DROOGVALLEI RAIL SIDING UPGRADE
Worldwide Coal Company (Pty) Ltd which operates in coal mining, washing and marketing thereof for both export and domestic customers. The group holds mining rights in various properties in the Carolina area, Mpumalanga. The coal Handling Preparation plant is currently treating and producing between 48 000 and 60 000 tons of coal per month.
The project was expanded to 100 000 tons per month there for the Droogvallei Rail Siding used to transport the coal had to be upgraded. The investment in the expansion to increase capacity of coal production cost Pembani R47.9 million and was debt funded by the Industrial Development Corporation (IDC). The upgrade of the infrastructure then cost R8.5 million for which the funding mix comprised of R2.5 million in Infrastructure grant funding and the balance through debt from the IDC.
GABONEWE HOUSING ESTATE (PTY) LTD – PHASE 1 GABONEWE HOUSING ESTATE
Gabonewe Housing estate phase 1 is a social housing development project for the Bakubung Platinum Mine employees. This is a Wesizwe Platinum Limited initiative as the parent company of both enterprises. The Gabonewe Housing Estate Phase 1 has 801 units to be completed in 2018. The project cost R286 941 367.00 (R287 million) for top structure construction, with a Social housing grant contribution of R100 617 615.00 (R100.6 million) contribution at R125 615.00 per unit, R88 868 619.10 (R89 million) at R110 947.07 per unit from the North West provincial government (Human Settlements). Other contributions include R29 000 000.00 (R29 million) equity contribution from Wesizwe Platinum Ltd and R75 million debt we sourced from NHFC .
IMBANI PROJECTS (PTY) LTD – PICOCO III HOUSING DEVELOPMENT PROJECT
Picoco iii housing development project is an inclusive property development located in Boane, Maputo, Mozambique. This development has shopping facilities, light industrial and business parks over and above housing, schools, hospitals, and other amenities.
Because of the magnitude of the project it was termed a mega project and therefore needed a feasibility study, and due to it being located outside of South Africa, the government could only fund the feasibility study since the professional teams conducting it were South African.
The project cost $480 million while The feasibility study cost $2 023 186.13 ($2 million). This was equivalent to R20 million at the time and the feasibility grant contributed R8 million.
The feasibility to assess the economic and physical (technical) viability is of utmost importance. To this effect the feasibility study will involve Geotechnical investigations, topological and aerial surveys, environmental impact assessment, and architectural designs.