RBPlat withdraws guidance and cuts capital expenditure due to Covid-19
The platinum miner is deferring R400m in capital expenditure due to the pandemic
29 April 2020 - 13:16
Royal Bafokeng Platinum (RBPlat) has withdrawn its guidance and will defer R400m in capital expenditure due to production disruptions caused by Covid-19.
The platinum miner previously told the market it expected to spend R2.2bn on capital expenditure during 2020, while it expected to produce as much as 485,000oz of the four platinum group metals (PGMs) in concentrate...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.