High-flying platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) is going into the second half of this Covid-hit year well-positioned with stockpile, upper group two (UG2), lower capital and gold-streaming tailwinds. RBPlat CEO Steve Phiri told a half-year results presentation highlighted by sky-rocketed earnings and flowing cash that both the Bafokeng Rasimone Platinum Mine (BRPM) and ramping-up Styldrift operation delivered strong performances and go into the second half with 172 000 t already on surface, made up primarily of Merenksy reef from Styldrift. (Also watch attached Creamer Media video.)
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