RBPlat sees challenging year ahead

JSE-listed Royal Bafokeng Platinum (RBPlats) is expecting a “challenging” year ahead – both from a market and operational perspective. The platinum group metals (PGM) miner, which owns the Bafokeng Rasimone Platinum Mine (BRPM), would make...

Company Announcement: RBPlat sees achievements balanced by challenges in a tough year for PGMs

RBPlat Chief Executive Officer, Steve Phiri, stressed that although the current economic climate remains challenging, the company’s outlook remains positive. “Nobody in the sector would deny that it has been a difficult year, and we have...

Styldrift 2 may need R10bn investment, says RBPlat

South Africa’s black-owned Royal Bafokeng Platinum (RBPlat) said on Monday its organic growth strategy could result in a R10-billion investment in the Styldrift 2 project. CFO Martin Prinsloo said on Tuesday that the company was “very...

A STUDY IN PLATINUM CONCENTRATION

Platinum-group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) CE Steve Phiri and RBPlat CFO Martin Prinsloo concentrate as they report that 288 100 oz of PGMs in concentrate was produced in RBPlat’s first reporting year to December 31....

Resources Watch

This week: Metals Economics Group says that grassroots exploration spending still lags; Cash-gushing RBPlat speeds capital expenditure and inks another Implats deal; And, Colombia rules out royalty increases on miners.

Cash-gushing RBPlat speeds capex, inks another Implats deal

The black-owned, black-managed and black-operated platinum miner Royal Bafokeng Platinum (RBPlat) has struck another sugar-coated cooperation deal with the big Impala Platinum that is even sweeter than the first. Simultaneously, RBPlat is...

RBPlat wades in lifting production, containing costs

Black-owned Royal Bafokeng Platinum (RBPlat) has waded in with increased production and strongly boosted cash in its maiden reporting year. “Sterling performance for RBPlat”, is the company's own headline of the first reporting year to...

New benchmark of black owners, black managers, black workers

A new black economic empowerment benchmark has been set in the South African mining business with the creation of the Royal Bafokeng Platinum (RBPlat) mining company. This benchmark is made up of a combination of black ownership, black management...

Foreigners snap up Royal Bafokeng Platinum shares

Despite South Africa's mine nationalisation talk, the strong demand for Royal Bafokeng Platinum (RBPlat) shares from international investors shows continued confidence in South Africa as an investment destination. "What specifically made us very...

Differing shareholders close ranks as Bafokeng move to raise R1bn in IPO

The publicly differing founding shareholders of the black-controlled platinum-mining company RBPlat on Monday closed ranks in support of the JSE aspirant's bid to raise R1-billion in an initial public offering (IPO) on November 8. RBPlat CEO...

RBPlat turns down offer for mine, pushes ahead JSE listing plans

New black-controlled platinum-mining company Royal Bafokeng Platinum (RBPlat) is moving ahead with plans to list on the JSE, after turning down an earlier offer for one of its main assets – the Bafokeng Rasimone platinum mine (BRPM). RBPlat...

New-order rights hold up Galaxy Gold’s planned JSE listing, Oppenheimer passes De Beers DBCM baton to Petersen, early takeout attempt on incipient Royal Bafokeng Platinum

The JSE has confirmed that gold-mining junior Galaxy Gold’s proposed JSE listing had been delayed because the company does not have new-order mining rights. Read on page 6 of this edition of Mining Weekly of the JSE’s reader panel, which...