Xstrata acquired its stake in Maloma in August 2001.
The mine has been closed in 2005 following 3 fatalities, and the last two years were used for a complete revamp of the safety systems, and investing R35m in a new, more efficient shaft. The mine reopened in the first quarter of 2007 and as a result, Maloma is now one of the best performing Xstrata operations in terms of the Xstrata Plc 17 Standards of Sustainability.