RBPlat cuts guidance due to ‘unprecedented’ power disruptions
The operating environment was characterised by high inflationary pressures due to global supply chain disruptions and market volatility stemming from the Russia-Ukraine conflict
21 October 2022 - 16:12
Mid-tier platinum group metals (PGM) miner Royal Bafokeng Platinum has revised downward its production guidance for the year due to “unforeseen operational disruptions” including “unprecedented Eskom power grid restrictions” and a fatality at its Styldrift operation.
South Africa has this year experienced the worst power cuts on record — not just in terms of the total number of days of load-shedding, but also the longest stretch of continuous blackouts during September...
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