Royal Bafokeng Platinum (RBPlat) was originally incorporated in July 2008 by Royal Bafokeng Holdings (RBH), the investment vehicle of the Royal Bafokeng Nation (RBN), a community of about 300,000 Setswana-speaking people which has substantial, minerals-rich land holdings in South Africa’s North West province. RBN land has a permanent population of approximately 150,000 people, two thirds of whom are members of the Bafokeng Nation. Additional information about the RBN can be found on www.bafokeng.com. Today it is a platinum group metals (PGMs)-focused company listed on the JSE Limited. RBPlat was created from the restructuring of the Bafokeng Rasimone Platinum Mine (BRPM) Joint Venture between RBH and Anglo Platinum Limited, which resulted in the ownership and control of the mining operations of the joint venture vesting in the RBN, via its subsidiary RBPlat.
RBPlat operates the Bafokeng Rasimone Platinum Mine and is in the process of constructing the Styldrift I Project. These operations are located in the North West Province of South Africa, 120kms from Johannesburg, 30kms from Rustenberg and just 17kms from Phokeng – the capital of the RBN. The combined operations will exploit both the Merensky and UG2 reefs. The significant reserves and resources RBPlat has are capable of sustaining operations for at least the next 60 years.
As at the end of December 2012, RBplats employs 7518 people with 3262 being its own employees (including 24 corporate office staff) and 4256 being contractors.