COMMENTARY

OVERVIEW

During the first half of the year, the PGM market continued to be characterised by buoyant dollar palladium and rhodium prices and rand weakness resulting in a strong and sustained rand basket pricing environment. Within the context of this environment, and in pursuit of our strategic objective of creating value through competitive earnings and growth for all our stakeholders in the short, medium and long term, our operational focus and key objectives remained geared towards:

  • Achieving meaningful and sustainable improvements in our key safety metrics in our pursuit of zero harm
  • Maintaining stable stakeholder relations through ongoing dialogue and interaction with employees, National Union of Mineworkers (NUM) structures and local communities
  • Successfully ramping up Styldrift to 230ktpm during the third quarter of 2020
  • Further leveraging our operational flexibility by recommencing UG2 mining at BRPM South shaft and initiating long lead concentrator projects required to optimise and sustain production in the longer term

Despite achieving significant year-on-year improvements in all our key injury frequency rates, we were unable to achieve our objective of eliminating fatal accidents as one of our BRPM employees, Mr Joao Antonio Machava, sadly lost his life in a scraper-related accident at our South shaft operation on 24 June 2019. RBPlats' Board of Directors (the Board), executive and management extend their sincere condolences to the family, friends and colleagues of Mr Machava.

 

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