Financial capital

The financial resources that are available to us to maintain and grow our business

The financial resources available to us include surplus cash, cash generated by our operations and the resources we obtained from equity/quasi-equity funding. Debt capital market funding is also available to us. These resources make it possible for us to achieve our strategic objectives. We use them to mine and produce PGM concentrate. We generate cash from the sale of the concentrate, which we invest in stay-in-business and replacement capital for BRPM and growing organically through the development of Styldrift I and the exploration of Styldrift II. We also use our financial resources to develop and remunerate our people, to minimise our impact on the environment and to deliver on our social responsibilities. Depressed PGM prices have depleted our stock of Financial capital by reducing the amount of cash we can generate from our operations.