Edition:
India

Royal Bafokeng Platinum Ltd (RBPJ.J)

RBPJ.J on Johannesburg Stock Exchange

3,053.00ZAc
22 Aug 2019
Change (% chg)

3.00 (+0.10%)
Prev Close
3,050.00
Open
3,180.00
Day's High
3,394.00
Day's Low
3,033.00
Volume
70,680
Avg. Vol
215,456
52-wk High
4,000.00
52-wk Low
1,860.07

Latest Key Developments (Source: Significant Developments)

Royal Bafokeng Platinum Says Uncertainties Over Trade Tariffs In China, U.S Markets May Cloud H2
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Anglo American Platinum Ltd ::PROPOSED ACQUISITION OF AMPLATS 33% INTEREST IN BRPM JV FOR A CONSIDERATION OF R1 863 MLN.HY HLPS AMOUNTED TO 6.0 CENTS (60.8% IMPROVEMENT), COMPARED TO A HLPS OF 15.3 CENTS FOR PREVIOUS CORRESPONDING PERIOD.NET REVENUE IMPROVED BY 4.1% FROM R1 593.9 MLN IN FIRST HALF OF 2017 TO R1 659.6 MLN FOR FIRST HALF OF 2018..UNCERTAINTIES OVER TRADE TARIFFS IN CHINA AND U.S MARKETS MAY CLOUD SECOND HALF OF 2018.TOTAL CAPITAL EXPENDITURE FOR YEAR IS ESTIMATED TO BE BETWEEN R2.9 BLN AND R3.1 BLN.PRODUCTION GUIDANCE FOR FULL YEAR IS UNCHANGED AT 3.35MT TO 3.50MT.4E OUNCE PRODUCTION IS EXPECTED TO BE BETWEEN 370KOZ AND 387KOZ FOR YEAR.VENIZELOS ALFEU, AN EMPLOYEE AT BRPM SOUTH SHAFT, WAS FATALLY INJURED DURING A SCRAPER WINCH ACCIDENT ON 24 JULY 2018.  Full Article

Royal Bafokeng Says Not In Best Interests Of Co To Raise Equity Capital At This Time​
Friday, 6 Apr 2018 

April 6 (Reuters) - Royal Bafokeng Platinum Ltd ::‍UPDATE IN RESPECT OF CLOSING OF MASEVE PLANT TRANSACTION​.‍ALL SURFACE RIGHTS RELATING TO PLANT TRANSACTION HAVE NOW BEEN TRANSFERRED INTO NAME OF ROYAL BAFOKENG RESOURCES​.‍RBR HAS SETTLED PLANT CONSIDERATION AND TAKEN OWNERSHIP OF PLANT ASSETS​.‍SHARE TRANSACTION REMAINS SUBJECT TO, INTER ALIA, DEPARTMENT OF MINERAL RESOURCES GRANTING ITS APPROVAL TO TRANSACTION​.‍DOES NOT BELIEVE THAT IT IS IN BEST INTERESTS OF COMPANY TO RAISE EQUITY CAPITAL AT THIS TIME​.‍HAS SUFFICIENT LIQUIDITY, CASH AND AVAILABLE DEBT FACILITIES TO SETTLE ITS OBLIGATIONS, AND WILL REASSESS ITS CAPITAL NEEDS FROM TIME TO TIME​.  Full Article

Royal Bafokeng Platinum Posts FY ‍Improved EBITDA Margin Of 16.4 Pct​
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Royal Bafokeng Platinum Ltd ::FY ‍IMPROVED EBITDA MARGIN OF 16.4% (2016: 14.7%)​.‍FY REVENUE OF R3 498.5 MILLION FOR 2017 WAS 4.7% HIGHER THAN REVENUE OF R3 342.2 MILLION FOR 2016​.‍HEADLINE EARNINGS IN 2017 IMPROVED BY R12.6 MILLION OR 11% FROM R119.8 MILLION TO R132.4 MILLION​.‍TOTAL JOINT VENTURE CAPITAL EXPENDITURE FOR 2018 IS FORECAST TO BE APPROXIMATELY R2.3 BILLION​.‍2018 SIB EXPENDITURE IS EXPECTED TO BE BETWEEN 5% AND 6% OF OPERATING EXPENDITURE​.‍4E OUNCE PRODUCTION FOR 2018 IS FORECAST TO BE BETWEEN 370KOZ AND 387KOZ​.  Full Article

Royal Bafokeng Platinum Sees FY HEPS Of Between 51 Cents And 60 Cents
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Royal Bafokeng Platinum Ltd ::‍NORMALISED HEPS FOR 2017 IS ANTICIPATED TO BE BETWEEN 64 CENTS AND 72 CENTS​.DELIVERED A 8.2% INCREASE IN TOTAL PLATINUM OUNCES PRODUCED AND A 1.4% REDUCTION IN CASH COST PER PLATINUM OUNCE IN THE YEAR​.SEES FY HEPS OF BETWEEN 51 CENTS AND 60 CENTS PER SHARE (BETWEEN 41.2% AND 30.8% LOWER) COMPARED TO HEPS OF 86.7 CENTS FOR PRIOR YEAR.  Full Article

Royal Bafokeng Platinum Says ‍Competition Tribunal Approves Acquisition Of Maseve Investments
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Royal Bafokeng Platinum Ltd ::ROYAL BAFOKENG PLATINUM LTD - ‍COMPETITION TRIBUNAL APPROVAL OBTAINED FOR ACQUISITION BY RBPLAT OF MASEVE INVESTMENTS 11 (PTY) LTD​.  Full Article

SA's Competition Tribunal Approves RBPlat-Maseve Deal With Conditions
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - South Africa's Competition Tribunal::SOUTH AFRICA'S COMPETITION TRIBUNAL - HAS CONDITIONALLY APPROVED THE MERGER BETWEEN ROYAL BAFOKENG PLATINUM LTD AND MASEVE INVESTMENTS 11 LTD.SA'S COMPETITION TRIBUNAL - APPROVED DEAL SUBJECT TO CONDITION THAT RBPLAT EMPLOYS 115 EMPLOYEES AT CONCENTRATOR PLANT, GIVES PREFERENCE TO RETRENCHED EMPLOYEES‍​.  Full Article

Platinum Group Metals to sell Maseve Investments 11 Proprietary Limited
Wednesday, 6 Sep 2017 

Sept 6 (Reuters) - Platinum Group Metals Ltd :Platinum Group Metals Ltd. announces proposed sale of Maseve mine.Platinum Group Metals Ltd - has entered into a term sheet to sell Maseve Investments 11 Proprietary Limited to Royal Bafokeng Platinum Limited.Platinum Group Metals Ltd- transaction valued at approximately US$74.0 million, payable as to US$62.0 million in cash and US$12.0 million in RBPLAT common shares.Cash proceeds of sale will be used to repay debt.  Full Article