Ivanplats
Ivanplats is a South African mining company developing the Platreef Mine, the world's largest precious-metals project, to produce platinum, palladium, rhodium, and gold plus nickel and copper by-products. It is a subsidiary of Ivanhoe Mines and sells metal output into global commodity markets.
- Company typePrivate
- Founded1988
- HeadquartersJohannesburg, South Africa
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Ivanplats does
Ivanplats is a South African precious-metals mining company developing the Platreef Mine on the Northern Limb of the Bushveld Complex in Limpopo Province, near Mokopane. The asset is positioned as the world's largest precious-metals development and is designed to produce platinum, palladium, rhodium, and gold (3PE+Au) at an estimated Phase 1 average annual rate of 113,000 ounces, with 5 million pounds of nickel and 3 million pounds of copper as by-products. The operation uses mechanized underground mining methods, dry-stack tailings disposal to limit environmental footprint, and emission-free battery electric underground equipment. The company is a subsidiary of Ivanhoe Mines Ltd. (TSX: IVN) and reported a headcount in the 1,001–5,000 range as of the available data.
Commercially, Ivanplats intends to sell its metal output into global commodity markets, supplying refineries and industrial end-users in clean-technology (hydrogen fuel cells, renewable hydrogen, emissions catalysis), automotive (catalytic converters), and industrial manufacturing (nickel and copper offtake) segments. Pricing for all output is dictated by global commodity markets rather than company-set pricing, and no long-term offtake agreements or named customers are disclosed. The company highlights an estimated net total cash cost of US$514 per 3PE+Au ounce (net of by-product credits and inclusive of sustaining capital), placing the planned operation at the bottom of the global cash cost curve.
Ivanplats was founded in 1988 and targets first production in 2024. It maintains full compliance with the South African Mining Charter, which governs black economic empowerment, human resource development, and community engagement for mining operators. The corporate site emphasizes stakeholder engagement, environmental minimization, and positioning Africa at the center of the global transition to clean energy, framing the asset as a long-life supplier of 'green metals' for the low-carbon economy.
Ivanplats firmographics
Firmographics- Name
- Ivanplats
- Legal name
- Ivanplats
- Website
- https://ivanplats.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Ivanplats is a South African mining company developing the Platreef Mine, the world's largest precious-metals project, to produce platinum, palladium, rhodium, and gold plus nickel and copper by-products. It is a subsidiary of Ivanhoe Mines and sells metal output into global commodity markets.
- Ownership category
- akta.pro rank
Ivanplats industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Metal Ore Mining (2122), Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040)
- akta.pro primary industry
- Platinum Group Metals (PGM) Mining (IMAKAEAC)
- akta.pro secondary industry
- Mining & Mineral Processing Facility Construction (IMAFADAE)
Keywords
Where Ivanplats is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices2 records
Markets served
Ivanplats business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Others
Revenue model
- Platinum Group Metals Production: Extraction and sale of platinum, palladium, rhodium, and gold from the Platreef mine. Phase 1 production targets 113,000 ounces annually of platinum, palladium, rhodium, and gold, plus 5 million pounds of nickel and 3 million pounds of copper as by-products.
Distribution channels1 record
Marketing channels6 records
Ivanplats product offering
Product offeringCore offering
Ivanplats is developing the Platreef Mine in South Africa's Bushveld Complex, set to become one of the world's largest primary platinum group metals (PGM) mines. The operation will produce platinum, palladium, rhodium, and gold (4E concentrate), with nickel and copper as by-products, using mechanized underground mining and dry-stack tailings technology.
Product overview
Ivanplats is a precious metals mining company developing the Platreef Mine in South Africa, set to become one of the world's largest primary PGM mines. Phase 1 production targets 113,000 ounces annually of platinum, palladium, rhodium, and gold (4E concentrate), plus 5 million pounds of nickel and 3 million pounds of copper as by-products. The operation uses mechanized underground mining with dry-stack tailing disposal. The portfolio consists of the core Platreef Mine operation, the associated concentrator processing facility, and the suite of refined mineral products (platinum, palladium, rhodium, gold, nickel, copper) derived from the mining and processing activities.
Differentiator
Problem solved
Functional benefit
Products and services
- Platreef Mine An underground mining operation in South Africa being developed by Ivanplats, targeting first production and set to become one of the world's largest primary platinum group metals (PGM) mines. Located on the Northern Limb of the Bushveld Complex in Limpopo Province.
- Platinum Platinum metal produced at the Platreef Mine as part of the 4E (platinum, palladium, rhodium, gold) concentrate. Critical for clean air pollution control, renewable hydrogen production, and fuel cell technologies.
- Palladium Palladium metal produced as part of the 4E (platinum, palladium, rhodium, gold) concentrate from the Platreef Mine, primarily used in automotive catalytic converters and electronics.
- Rhodium Rhodium metal produced as part of the 4E (platinum, palladium, rhodium, gold) concentrate from the Platreef Mine, used in catalytic converters and industrial catalysts.
- Gold Gold produced as part of the 4E (platinum, palladium, rhodium, gold) concentrate from the Platreef Mine operations.
- Nickel Nickel produced as a by-product at the Platreef Mine, with estimated Phase 1 production of 5 million pounds annually, used for industrial manufacturing applications.
- Copper Copper produced as a by-product at the Platreef Mine, with estimated Phase 1 production of 3 million pounds annually, used for industrial manufacturing applications.
- Concentrator Ore processing facility at the Platreef Mine for treating mined ore and producing 4E (platinum, palladium, rhodium, gold) concentrate. Initial capacity of 770-ktpa is being studied in parallel with changeover of Shaft 1 to production.
Quantifiable outcome
- 113,000 oz annual production of platinum, palladium, rhodium, and gold
- +2 more outcomes
Companies that use Ivanplats
Customer profileSegments3 records
Ideal customer profiles2 records
Ivanplats technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Ivanplats partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights3 records
Ivanplats competitors and assessment
Company assessmentBroad incumbents
- African Rainbow Minerals: South African diversified miner with PGM, iron ore, coal, and manganese exposure. Comparable as a South-African-fleet operator with meaningful PGM and base-metal production.
- Ivanhoe Mines: Parent company of Ivanplats and a diversified mining operator developing Tier-1 copper, zinc, and PGM assets in southern Africa. Comparable as a related strategic parent with significant PGM exposure via Platreef.
Direct peers
- Royal Bafokeng Platinum: Bushveld Complex PGM producer operating the Styldrift and Bafokeng Rasimone mines. Direct PGM-operations peer in the same region with comparable 4E concentrate output.
- Sibanye-Stillwater: Major South African PGM producer with significant Bushveld Complex operations and a sizable platinum recycling business. Directly comparable on PGM mining fundamentals and South African operating environment.
- Impala Platinum (Implats): One of the world's largest PGM producers with operations primarily in the Bushveld Complex and Zimbabwe (Zimplats). Directly comparable on commodity, scale, and geographic exposure to Ivanplats' Platreef project.
- Sedibelo Platinum Mines: Mid-tier PGM producer operating on the Bushveld Complex with PGM and by-product base-metal output. Comparable mid-cap PGM producer profile and South-African operating context.
- Tharisa: South African miner producing PGMs and chrome concentrates from the Bushveld Complex. Comparable open-pit/underground PGM+chrome model with similar by-product economics.
- Northam Platinum: South African PGM producer operating long-life Bushveld Complex mines. Closely comparable in commodity mix (PGM with base-metal by-products), jurisdiction, and metallurgical characteristics.
- Anglo American Platinum: The world's largest primary platinum group metals producer, operating multiple PGM mines on the Bushveld Complex. Closely comparable to Ivanplats in commodity mix, jurisdiction, and end-market exposure.
Emerging players
- Platinum Group Metals Ltd: Development-stage PGM company advancing the Waterberg Project on the Northern Limb of the Bushveld Complex — the same regional geological setting as Platreef. Comparable as a fellow PGM developer in South Africa.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Ivanplats social profiles
Digital presenceIvanplats compliance and trust
Trust signalCompliance1 record
Ivanplats financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ivanplats leadership team
Management profileNumber of profiles
Ivanplats funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ivanplats M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ivanplats
What does Ivanplats do?
Ivanplats is developing the Platreef Mine in South Africa's Bushveld Complex, set to become one of the world's largest primary platinum group metals (PGM) mines. The operation will produce platinum, palladium, rhodium, and gold (4E concentrate), with nickel and copper as by-products, using mechanized underground mining and dry-stack tailings technology.
Is Ivanplats a public or private company?
Ivanplats is a private company. It is classified as corporate owned and is currently operating.
When was Ivanplats founded?
Ivanplats was founded in 1988. It employs 1,001 to 5,000 people.
Where is Ivanplats based?
Ivanplats is headquartered in Johannesburg, South Africa, in the Africa region.
How does Ivanplats make money?
One revenue line is on record: platinum Group Metals Production.
Who are Ivanplats's main competitors?
Broad incumbents on record are African Rainbow Minerals and Ivanhoe Mines. Direct peers are Royal Bafokeng Platinum, Sibanye-Stillwater, Impala Platinum (Implats), Sedibelo Platinum Mines, Tharisa, Northam Platinum and Anglo American Platinum. Platinum Group Metals Ltd is listed as an emerging player.
Does Ivanplats have an API?
No public API is recorded for Ivanplats.
What industry is Ivanplats in?
Ivanplats's product category is Precious Metals Mining. Its primary akta.pro industry code is IMAKAEAC, Platinum Group Metals (PGM) Mining, with a secondary code of IMAFADAE, Mining & Mineral Processing Facility Construction. Its NAICS code is 2122 and its SIC code is 1000.