Home | Royal Bafokeng Platinum | Integrated Annual Report 2017

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 - 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

CHAIRMAN'S REVIEW
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 - 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

CHIEF EXECUTIVE OFFICERS REVIEW
- 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
BUSINESS OVERVIEW

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