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Annual Results for the year ended 31 December 2021
Creating economic value for all our stakeholders by delivering
MORE THAN MINING

Our business at a glance

RBPlat is a mid-tier producer of platinum group metals (PGMs) listed on the Johannesburg Stock Exchange with operations on shallow long-life Merensky and UG2 ore bodies located on the Bushveld Igneous Complex in the North West province of South Africa. We focus on extracting value from the PGMs and base metals we mine that make a difference in people's lives.

We own and operate two mines and two concentrators:

Bafokeng Rasimone Platinum Mine (BRPM), a twin decline shaft with an average mining depth of 450m, is a conventional and hybrid mining operation

Styldrift Mine (Styldrift), a twin vertical shaft, is a mechanised bord and pillar mining operation with an average mining depth of 680m

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COMMENTARY

OVERVIEW

RBPlat has remained focused on maintaining its operational fundamentals which are underpinned by our four strategic pillars of pursuing operational excellence, building flexibility, growing organically and pursuing value enhancing opportunities. These fundamentals were at the forefront of our strategic planning as we navigated the lingering effects of the Covid-19 pandemic, an unreliable power supply from Eskom and the slow global economic recovery. Our response to the fluid operating environment continues to deliver growth during a period where the mining industry has been focused on stability and recovery. This growth was driven by our shared vision of success, fostered through transparent and collaborative partnerships with all of our stakeholders. We achieved record production with increases in tonnes hoisted of 12.1% to 4 639kt, in tonnes milled of 16.0% to 4 628kt and 4E metals in concentrate of 11.5% to 467koz, compared to 2020. Closing surface stocks increased to 184kt.
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