Organisational
Overview

Our investment case

BLACK EMPOWERMENT STATUS

We are black owned and controlled. Because the Royal Bafokeng Nation through its investment arm Royal Bafokeng Holdings (RBH) has a 51.74% investment in RBPlat we not only comply with black economic empowerment requirements but exceed them. RBH followed its rights when it supported our capital raising programme in 2014 and it has stated that it views RBPlat as its quality growth investment vehicle in platinum.

  Positioned for long-term growth

  • Low-risk growth: ±70% increase in production by 2020 subject to market conditions
  • RBPlat’s assets are the only significant shallow high grade Merensky resources and reserves still available for mining on the Western Limb of the Bushveld Complex in South Africa
  • Inclusive mineral resources of 46.70Moz (4E): 23.25Moz measured, 15.29Moz indicated and 8.16Moz inferred
  • ±60 years life of mine
  • Competitive position on the industry cost curve

  Operational flexibility

  • Shallow long-life Merensky-biased with UG2 mining
  • IMS panel ratio of 1.5
  • Modular approach to processing our PGMs
  • Toll treatment facilities for UG2 ore

  Organic growth through Styldrift I

  • High margin mechanised operation
  • Sufficient concentrator capacity to process 150ktpm from Styldrift I
  • Will increase production to 350ktpm by 2020 subject to market conditions

  Prudent FINANCIAL management

  • Successful cash preservation strategy supporting organic growth
  • Protected business stability through capex deferral in response to current market conditions
  • Focus on cost management
  • Strong balance sheet

  FLEXIBLE, RAPID RESPONDERS

  • Ability to respond rapidly and reschedule and restructure operational activities. This allows us to maximise business value by aligning operational activities with prevailing market conditions

  corporate governance and risk management

  • Our Board is committed to providing ethical leadership and maintaining an ethical culture in RBPlat. It ensures that our code of ethics as well as fraud and corruption policy are applied throughout the organisation
  • Enterprise risk management framework is applied across our business
  • We met and exceeded the requirements of the 2010 — 2014 Mining Charter scorecard and continue to apply its final year targets
  • Broad-based ownership structure provides stability, certainty and sustainability in terms of revised Mining Charter black economic empowerment requirements
  • We comply with the JSE Listings Requirements and all relevant laws and regulations