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RBPlat sets quarterly PGM production record despite the Covid-19 pandemic
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RBPlat sets quarterly PGM production record despite the Covid-19 pandemic
miningmx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningmx.com Daily Mail and Mail on Sunday newspapers.
RBPlat declares R1.5bn interim dividend
By Dineo Faku
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ROYAL Bafokeng Platinum (RBPlat) yesterday became the latest platinum group metals (PGM) producer to reward shareholders handsomely, after posting record profits and a robust operational performance.
RBPlat, which listed on the JSE a decade ago, declared an interim dividend of 535 cents a share during the half-year to the end of June, equating to R1.5 billion, on the back of strong metal price environment and a strong operational performance.
RBPlat, which operates the Styldrift and the Bafokeng Rasimone Platinum Mine (BRPM) in North West, is on a positive trajectory after paying a maiden dividend of R1.5bn in the year to the end of December 2020.
RBPlats shines with a rewarding R1.5bn maiden annual dividend
By Dineo Faku
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JOHANNESBURG - ROYAL Bafokeng Platinum (RBPlats), which listed on the JSE 10 years ago as the first community company to do so, rewarded shareholders with a maiden R1.5 billion dividend during the 12 months ended December 2020 on the significant growth in its cash flows.
RBPlats, which operates the Bafokeng Rasimone Platinum Mine and Styldrift mines, declared a R5.75 a share dividend equating to R1.5bn as the group rode the wave of the strong platinum group metals (PGM) environment.
The dividend payout was 50 percent of free cash flow, given the strong cash flow generation in 2020, with R3bn of free cash flow before growth capex.