Sector: Basic Materials
The company is not available at Interactive Brokers
Royal Bafokeng Platinum Limited (JSE:RBP) is a mid-tier platinum group metals (PGM) producer originating from a joint venture between Anglo American Platinum (JSE:AMS) and Royal Bafokeng Holdings known as the Bafokeng Rasimone Platinum Mine Joint Venture (BRPM JV).
BRPM produced its first platinum concentrate which it sold to Anglo American Platinum (Amplats) for beneficiation in its refineries in December 1999.
Ten years later RBPlat, through a restructuring, obtained a 67% majority interest in the JV and took over operational control in January 2010. In November of the same year RBPlat listed on the JSE.
In July 2018 RBPlat announced that it had entered into an agreement with Amplats, in terms of which it will acquire the balance of the 33% interest in the BRPM JV from Amplats in a two-phased transaction. Phase 1 of the transaction, which is the acquisition of Amplats participation interest in the BRPM JV, was completed in December 2018. Phase II of the transaction, in terms of which RBPlat will acquire full title in respect of Amplats 33% undivided interest in the mining rights attributable to the BRPM JV, was approved by the Department of Mineral Resources in terms of section 11 of the Mineral and Petroleum Resources Development Act in July 2019.
RBPlat mines Platinum Group Metals in the Merensky and UG2 reefs on the Boschkoppie, Styldrift and Frischgewaagd farms in the Rustenburg area which have been identified as hosting the last undeveloped Merensky reef on the Western limb of the Bushveld complex. RBPlat’s assets are the only know significant shallow high grade Merensky resources and reserves still available for mining in South Africa.
The company's operations consist of Bafokeng Rasimone Platinum Mine (which consists of a North and South shaft), Styldrift, the BRPM Concentrator complex and the Maseve concentrator plant. It has also completed a pre-feasibility study on our Styldrift II exploration project to the east of Styldrift.
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South Africa`s Impala Platinum will reduce planned spending across its business to reflect current low metal prices, the company said on Tuesday.
2023-10-31
JOHANNESBURG (Reuters) -South Africa`s Northam Platinum has terminated its offer to buy Royal Bafokeng Platinum, citing low prices of platinum group metals (PGM) as it ended a year-long takeover battle with bigger rival Impala Platinum.
2023-04-05
South Africa`s Northam Platinum has terminated its offer to buy Royal Bafokeng Platinum, citing low prices of platinum group metals (PGM) as it ended a year-long takeover battle with bigger rival Impala Platinum.
2023-04-05
South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -Impala Platinum`s shares fell more than 5% on Thursday after the South African miner reported a 2.1% drop in half-year profit, saying power cuts and a furnace rebuild had hit platinum group metal (PGM) production.
2023-03-02
(Reuters) -South Africa`s Impala Platinum reported a 2.1% drop in half-year profit on Thursday as power cuts and a furnace rebuild hit smelter operations, lowering platinum group metal (PGM) production.
2023-03-02South Africa`s Northam Platinum on Monday raised the cash part of its takeover offer for Royal Bafokeng Platinum by 7 billion rand ($398 million), to try to increase its appeal against a rival bid from Impala Platinum.
2022-12-12
(Reuters) -South Africa`s Royal Bafokeng Platinum said on Wednesday that an independent board will appoint an expert to evaluate Northam Platinum`s takeover bid, which rivals an offer by Impala Platinum.
2022-11-09
South Africa`s Royal Bafokeng Platinum said on Wednesday that an independent board will appoint an expert to evaluate Northam Platinum`s takeover bid, which rivals an offer by Impala Platinum.
2022-11-09
(Reuters) -South Africa`s Northam Platinum`s shares fell on Wednesday after the company made a formal offer to acquire mid-tier miner Royal Bafokeng Platinum, escalating a takeover battle with bigger rival Impala Platinum.
2022-11-09
South Africa`s Northam Platinum`s shares fell on Wednesday after the company made a formal offer to acquire mid-tier miner Royal Bafokeng Platinum , escalating a takeover battle with bigger rival Impala Platinum.
2022-11-09
South Africa`s Northam Platinum on Wednesday presented a formal offer to acquire mid-tier miner Royal Bafokeng Platinum, escalating a takeover battle with bigger rival Impala Platinum.
2022-11-09
South Africa`s Northam Platinum Holdings posted a 60% jump in half-year profit on Thursday, as firmer platinum group metal (PGM) prices helped offset a dip in production that was caused by work stoppages and COVID-19 absenteeism.
2022-03-31
South African stocks fell on Thursday, led by mining companies as gold fell to test the pivotal $1,800 support level after hawkish comments from a key Federal Reserve official raised early tapering bets.
2021-08-05
South African miner Royal Bafokeng Platinum reported on Tuesday an almost 30-fold jump in annual profit, driven by higher platinum prices, increased output and a weak rand exchange rate.
2021-03-09
South Africa`s rand weakened in late afternoon trade on Monday as investors awaited Wednesday`s budget, when the finance minister is expected to unveil plans to shore up state-owned power utility Eskom.
2019-02-18
South Africa`s rand fell on Wednesday, in line with broad weakness in emerging market currencies, as the dollar settled near a two-week high after U.S. President Donald Trump`s State of the Union speech failed to surprise currency traders.
2019-02-06Production
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