Covid-19 Business Watch
WATCH: Is this a new PGM paradigm?
Michael Avery talks to a panel about how long the surge in palladium and rhodium prices might last
It’s been a blisteringly red hot run for the country’s platinum group metals (PGM) miners. It’s worth repeating the recent earnings numbers.
Amplats reported a record earnings before interest, taxes, depreciation, and amortisation (ebitda) of R41.6bn; Sibanye-Stillwater’s ebitda increased 230% year on year to more than R49bn; Impala Platinum’s ebitda rose 231% to just over R25bn. Even Royal Bafokeng Platinum, which listed on the JSE 10 years ago and was the first community company to do so, rewarded shareholders with a maiden R1.5bn dividend during the 12 months ended December 2020 on the significant growth in its cash flows. ..
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