There is no alternative but to substitute palladium with platinum, said platinum group metals mining company Royal Bafokeng Platinum CEO Steve Phiri on Tuesday. Speaking at RBPlat’s presentation of 147.2% improvement in headline earnings to R123.1-million and a strengthened balance sheet that has put the company in a position toconsider dividend payments of a minimum of 10% of free cash flow, Phiri said the substitution of palladium with platinum would be driven by supply security challenges. Also watch attached Creamer Media video.
