RBPlat achieves improvements in key performance indicators in Sept quarter
Royal Bafokeng Platinum (RBPlat) recorded improvements across key performance indicators in the quarter ended September 30.
The company achieved an 18.4% increase in tonnes delivered to concentrators to 939 000 t, while tonnes milled increased by 18.9% to 981 000 t, supported by higher delivered volumes.
The company also reported a 14.7% increase in four-element (4E) metals in concentrate, and a 15.4% increase in platinum metal in concentrate output.
Cash operating costs increase by 5.1% quarter-on-quarter, amounting to R761-million.
Capital expenditure saw a 54.3% increase, coming in at R332.8-million.
Owing to the to date operational performance, the company has lowered the upper end of its previously guided range for the full year to between 3.35-million tonnes and 3.45-million tonnes at a 4E built-up head grade of between 3.95 g/t and 4 g/t, yielding 4E production of between 370 000 oz and 380 000 oz.
While the company highlighted a 17.9% improvement in its lost-time injury frequency rate, two fatal accidents occurred during the quarter.
Meanwhile, at the Styldrift I project, 356 000 t of ore was delivered to the concentrators.
RBPlat continued to progress mining and construction activities at the project, with 1.8 km or ore reserve development completed. Ventilation shaft No 3 was commissioned, as were two on-reef strike belt sections and two additional trackless workshops.
Rehabilitation of Silo 4 was completed, with full commissioning expected this month.
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