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Who we are

We are a mid-tier producer of platinum group metals (PGMs) from our two mines:

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

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

Our shallow long-life Merensky and UG2 ore bodies are located on the Bushveld Igneous Complex in the North West province of South Africa, one of the most significant PGMbearing ore bodies in the world.

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Our product

Merensky reef 4E prill split

64.7%

platinum

26.8%

palladium

4.3%

rhodium

4.2%

gold

Commentary

OVERVIEW

During the first half of the year, the PGM market continued to be characterised by buoyant dollar basket prices, mildly tempered by the rand’s strength, yielding a record rand basket pricing environment and strong operating cash flows. However, the Covid-19 pandemic remains at the forefront of our strategic planning having progressed through the second wave during January with the third wave resurgence starting mid-June. We continue to maintain appropriate measures to limit the spread of the virus, maintaining a safe operating environment for our employees and limiting the impact on our production.

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