South Africa’s only community owned mining group, Royal Bafokeng Platinum (RBPlat), on Tuesday highlighted the positive contribution being made to the local mining industry by President Cyril Ramaphosa and Mineral Resources Minister Gwede Mantashe and pledged to do its bit towards conquering poverty and unemployment. In reporting before-tax profit of R316-million in a presentation of turned-around financial results for the 12 months to December 31, RBPlat CEO Steve Phiri said that the government and industry had collaborated to put in place a workable legislative framework for mining, which was not having to resort repeatedly to a global positioning system to locate the the regulatory goalposts, as had been the case in the past. (Also watch attached Creamer Media video.)
