R338 billion company plans major changes to world’s largest platinum mine in South Africa

• Valterra Platinum plans to begin trial mining later this year and to reach a final investment decision in 2027.
• The project comes as the biggest source of demand for PGMs — devices that curb harmful emissions from gasoline and diesel cars — is under pressure from the rise of electric vehicles.
• Valterra’s leadership remains bullish, saying that forecasts on the uptake of battery EVs have consistently proved to be overoptimistic.