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Integrated Report 2017
  • Our aim with our reporting is to provide our stakeholders with information that we believe is of material interest and that will provide you with the information you need to make an informed assessment of RBPlat’s ability to create value over the short, medium and long term.

    Despite the challenging conditions, both locally and globally, as can be seen
    in our results, we made good progress at RBPlat with restructuring and
    optimising the business for tough times and, most importantly,
    achieving a meaningful reduction in costs.
    Adv Kgomotso Moroka SC
    Adv Kgomotso Moroka SC - Independent Chairman
    Safety
    A fatality-free year, as should always be the case
    Governance
    I believe we have made good progress towards achieving
    • an ethical culture
    • good performance
    • effective control
    • legitimacy
    which are the outcomes King IV has recognised as benefits that can be realised through good governance
    Sustainability
    Our business continues to show resilience in tough times
    The opportunity to purchase Maseve, with 110ktpm concentrator
    capacity, will allow us to mine 230ktpm at Styldrift I by 2020, which
    will increase our production to between 380 and 410ktpm.
    Steve Phiri
    Steve Phiri - Chief Executive Officer
    Operational excellence
    We made progress towards our goal of zero harm when we achieved a fatalityfree year in 2017
    Build flexibility
    The flexibility built into the Styldrift I project execution environment is key to the successful delivery of our flexibility strategy
    Grow organically
    We are on track to ramp up Styldrift I, our organic growth project, in the last quarter of 2018
    • RBPlat is a 52% black-owned, controlled and operated mid-tier platinum group metals (PGMs) producer listed on the JSE on 8 November 2010 (37% free float) | See www.bafokengplatinum.co.za/our-structure.php for our Group structure
    • First and only community-owned company to list on the JSE
    • Originating from the Bafokeng Rasimone Platinum Mine Joint Venture (BRPM JV) between the Royal Bafokeng Nation and Anglo American Platinum, which has been in operation since 2002
    • We own 67% of the BRPM JV
    • Our broad-based ownership structure provides stability, certainty and sustainability
    • Benefits from ownership flow to the community in the form of social and economic development

 

OUR VISION     OUR MISSION     OUR PURPOSE
  • To seek and deliver the good from mining

   
  • To leave a lasting legacy of sustainable benefits for our stakeholders

   
  • To create economic value for all our stakeholders

WHAT WE DO

We mine for PGMs in the Merensky and UG2 reefs from which we produce concentrate with the following prill split

THE PRILL SPLIT FOR THE MERENSKY REEF

64.66%
platinum
26.74%
palladium
4.35%
rhodium
4.25%
gold

THE PRILL SPLIT FOR THE UG2 REEF

59.15%
platinum
29.29%
palladium
11.00%
rhodium
0.56%
gold

 

The revenue we earned from the sale of our concentrate in 2017

The revenue we earned from the sale of our concentrate in 2017
Integrated Annual Report 2017
Integrated report
Annual Financial Statements 2017
Annual financial statements
Mineral Reserves Statement 2017
Mineral reources and reserves