Royal Bafokeng Platinum back in profit

The year-on-year sales revenue of black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat) increased by 9.8% to R3.3-billion in the 12 months to December 31, reflecting the higher rand basket price and serving as the main driver of the increase in the gross profit margin to 7.2%, compared with last year’s 1.3% loss. The company produced 304 000 oz of 4E metals in concentrate and 196 000 oz of platinum in concentrate.