Key features

Royal Bafokeng Platinum is a black-owned and controlled, mid-tier platinum group metals (PGMs) producer originating from a joint venture in existing mining operations and endowed with resources for future mining in the Styldrift property.

The strategy driving our business has four pillars which are underpinned by the aspiration of More than mining.

Our business model creates economic value, within a mutually beneficial joint venture, in a manner that also creates value for society.

Our business model creates economic value, within a mutually beneficial joint venture, in a manner that also creates value for society.

  Mining BRPM, our current operation to extract platinum group metals in a safe and cost effective manner
  Growing our business organically through our investment in the Styldrift I and II projects which contributes to the national economy and employment creation
  Treating the ore we produce locally in our concentrator plant
  Selling concentrate, our end product, which generates cash flow for investment, growth and community development

Achievements

Fatality-free shifts
1.78 million

 


Intersected Styldrift Merensky Reef


Improved operational flexibility: Immediately stopable reserves (IMS)

25% improvement in face length

 

Capex*
2.4% increase

 

Phase II South shaft replacement project completed on schedule with a
R110 million saving

     
Balance sheet remains ungeared
  IMS panel ratio
increased to 1.48

Improvements

Productivity
30 tonnes milled per employee
2% improvement

 

 


Tonnes milled

3% increase

 

 

* 100% BRPM JV

Challenges

Built-up head grade 2012
6.4% reduction


Cash operating cost
per tonne milled

10.4% increase

R864/tonne

  Cash operating cost
per platinum ounce

19% increase

R11 775 Pt/oz


Cash position


Headline earnings per share
37.8% reduction
104 cents
  4E PGM
ounces (4E)

4.4% decrease

Disappointments

Milled tonnes lost
117kt lost due to safety stoppages
70kt lost due to unprotected
industrial action
  Fatality at North shaft