Edition:
India

Royal Bafokeng Platinum Defers Planned Capex Spend For Remainder Of Year


Wednesday, 29 Apr 2020 

April 29 (Reuters) - Royal Bafokeng Platinum Ltd ::JSE: RBP - RBPCB - QUARTERLY REVIEW AND PRODUCTION REPORT FOR THE PERIOD 1 JANUARY 2020 TO 1 MARCH 2020.ROYAL BAFOKENG PLATINUM - EMPLOYEE SALARIES PAID DURING LOCKDOWN HOWEVER, EXECUTIVES & SENIOR MANAGEMENT WAIVED 33% OF REMUNERATION.ROYAL BAFOKENG PLATINUM LTD - DEFERRAL OF R400 MILLION PLANNED CAPEX SPEND FOR REMAINDER OF YEAR.ROYAL BAFOKENG PLATINUM LTD - CASH OPERATING COSTS FOR QUARTER AMOUNTED TO R1 365 MILLION, REPRESENTING A 11.6% INCREASE COMPARED TO 2019.ROYAL BAFOKENG PLATINUM - AS AT 31 MARCH 2020, NET CASH POSITION OF R209.5 MILLION, COMPARED TO NET DEBT POSITION OF R491.3 MILLION AS AT 31 DECEMBER.ROYAL BAFOKENG PLATINUM LTD - TOTAL TONNES MILLED FOR QUARTER REDUCED MARGINALLY BY 0.4% TO 843KT. 

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6437.0
-332.0 -4.90%
23 Oct 2020