RBPlat delays projects as depressed market, low prices bite

Ongoing depressed market conditions and a low commodity price environment have prompted South African platinum miner Royal Bafokeng Platinum (RBPlat) to delay some of its capital projects. During the second half of the 2015 financial year, RBPlat had scaled down mining and construction activities at its Styldrift I expansion project, deferred the 250 000 t/m Bafokeng Rasimone Platinum Mine (BRPM) concentrator upgrade to early 2016, deferred the construction of a 100 000 t/m concentrator module and deferred the Styldrift II feasibility study and exploration drilling, besides other initiatives to reduce noncritical expenditure.