Good, bad and maybe even ugly first half – Phiri

The performance of Royal Bafokeng Platinum (RBPlat) in the six months to June 30 was a mixture of the good, the bad and maybe even the ugly, RBPlat CEO Steve Phiri said on Tuesday. Phiri was speaking to Mining Weekly on the sidelines of the company’s presentation of interim results of a loss per share of 70.8 c per share on high cash costs and high levels of depreciation related to the ramp-up of the Styldrift project, interest charged on the deferred payment and high borrowing costs expensed in 2019. (Also watch attached Creamer Media video.)