IN 2002, ANGLO AMERICAN PLATINUM LTD (AMPLATS) FORMED A 50:50 JOINT VENTURE WITH THE BAFOKENG THROUGH ITS WHOLLY-OWNED SUBSIDIARY, RUSTENBURG PLATINUM MINES LTD (RPM).
This joint venture, formed through Royal Bafokeng Resources (Pty) Ltd (RBR), became known as the Bafokeng Rasimone Platinum Mine Joint Venture (BRPM JV).
In 2010, the Bafokeng, through their investment vehicle Royal Bafokeng Holdings (RBH), increased their participating interest to 67%, gaining operational control of the BRPM JV. This resulted in the restructuring of the joint venture in 2009, paving the way for the listing of Royal Bafokeng Platinum Limited (RBPlat).
On 8 November 2010, RBPlat became the first community-owned business to be listed on the Johannesburg Stock Exchange (JSE). In December 2018, RBPlat acquired Amplats' 33% interest in the joint venture for R1.863 billion, becoming sole owner of the assets.
RBPlat aims to be a focussed PGM producer, offering a clear value proposition to outperform the market. In line with its More than Mining philosophy, the company has a proud track record of positive social impact as a transformation leader.