RBPlat stumbles in 2019, but expects 2021 dividends
The CFO says while higher prices offset operational difficulties, production is expected to increase
03 March 2020 - 09:55
Royal Bafokeng Platinum (RBPlat) said it missed the full benefits of a surging price environment as it grappled with difficulties at its two mining assets in SA during 2019.
RBPlat reported a more than doubling of revenue to R7.5bn for the year to end-December from R3.6bn the year before. The cost of sales similarly increased, to R6.8bn, as the new Styldrift mine was commercialised during the year...
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