Mining News

RBPlat declares R1.5bn dividend on record first-half performance

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Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) has declared a R1.5 billion interim dividend in addition to the R482.3 million buy-back and redemption of a portion of its convertible bonds on the back of a record performance in the six months to June 30. RBPlat increased half-year PGM production by 24.3% to 215 700 oz of four element (4E) production and second-half group capital expenditure is forecast to remain unchanged at approximately R2.2-billion.

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