RBPlat receives R2bn upfront payment from Triple Flag

JSE-listed Royal Bafokeng Platinum (RBPlat) has the received the upfront cash prepayment of $145-million, or R2.1-billion, from Triple Flag Mining Finance Bermuda.

This relates to a gold streaming agreement entered into in October last year, whereby RBPlat would deliver gold to Triple Flag from its South African mining operations.