Enpower Trading CEO James Beatty with Ivanhoe Mines senior legal counsel Natalie Harten
Registered energy trader Enpower Trading has signed a ten-year power purchase agreement (PPA) with platinum mine developer Ivanplats for the yearly delivery of 48.30 GWh of renewable electricity to the Platreef mine, which is under construction on the northern limb of the Bushveld Complex in Limpopo.
The wheeled electricity will be sourced from SolarAfrica Energy’s 342 MW SunCentral PV plant in De Aar, located in South Africa’s Northern Cape province.
The platinum/palladium/-hodium/nickel/gold/copper mine is expected to begin production in the fourth quarter of 2025 and Ivanplats MD Jacques Pretorius said the PPA underscored the mine’s commitment to sustainably supplying the “critical minerals needed for a greener future”.
Ivanplats is a 64%-owned subsidiary of Canada’s Ivanhoe Mines, which views construction under way at Platreef as the first phase of a multi-generational mining complex that will be expanded in phases over the next decade.
Enpower CEO James Beatty said the agreement exemplified how the mining and energy sectors could collaborate to support the green economy and economic growth.
