RBPlat set back by Styldrift ramp-up delays in first-half

Platinum group metals miner Royal Bafokeng Platinum (RBPlat) recorded a loss a share of 70.8c for the six months ended June 30, owing to high cash costs and high levels of depreciation incurred. This was on the back of the company’s Styldrift project ramp-up, in North West; interest charges on a deferred Rustenburg Platinum Mines payment; and high borrowing costs.