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United States

Royal Bafokeng Platinum Ltd (RBPJ.J)

RBPJ.J on Johannesburg Stock Exchange

2,682.00ZAc
21 Sep 2018
Change (% chg)

117.00 (+4.56%)
Prev Close
2,565.00
Open
2,800.00
Day's High
2,800.00
Day's Low
2,481.00
Volume
1,546,875
Avg. Vol
120,487
52-wk High
3,500.00
52-wk Low
1,500.00

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 01:07am EDT 

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 04:00am EDT 

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 12:06am EST 

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 05:30am EST 

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 02:00am EST 

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 09:43am EST 

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 07:30am EDT 

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

Royal Bafokeng Platinum records HY HLPS of 15.3 cents
Tuesday, 1 Aug 2017 01:05am EDT 

Aug 1 (Reuters) - Royal Bafokeng Platinum Ltd :HY HLPS OF 15.3 CENTS.DURING PERIOD UNDER REVIEW, EMBARKED ON PROCESS TO RESTRUCTURE, RIGHT-SIZE OVERHEAD, OPERATIONAL STRUCTURE OF BUSINESS.JOINT VENTURE PRODUCTION FOR FULL YEAR IS FORECAST TO INCREASE TO BETWEEN 2.90MT AND 3.00MT."REDUCED LABOUR IS ENVISAGED TO RESULT IN AN ANNUAL BENEFIT OF APPROXIMATELY R118 MILLION BEING REALISED AT BRPM".TOTAL JOINT VENTURE CAPITAL EXPENDITURE FOR SECOND HALF OF YEAR IS ESTIMATED AT R1.5 BILLION.RESTRUCTURING STRATEGY INCLUDED REDUCING FIXED COST BASE THROUGH REDUCTION IN LABOUR, ENHANCEMENT OF QUALITY OF REVENUE STREAM.DOWNSIZING OF LABOUR AND CLOSURE OF SOUTH SHAFT UG2 WAS EFFECTED ON 31 JULY 2017.A FULL YEAR TOTAL JOINT VENTURE CAPITAL EXPENDITURE FORECAST OF R2.3 BILLION.  Full Article

Royal Bafokeng says submitted expression of interest for Platinum group's maseve business
Monday, 31 Jul 2017 05:35am EDT 

July 31 (Reuters) - Royal Bafokeng Platinum Ltd ::ROYAL BAFOKENG PLATINUM- SUBMITTED CONDITIONAL NON- BINDING EXPRESSION OF INTEREST FOR POTENTIAL TRANSACTION WITH PLATINUM GROUP RELATING ITS MASEVE BUSINESS.ROYAL BAFOKENG PLATINUM - HAS ENTERED INTO DISCUSSIONS IN THIS REGARD, WHICH IF SUCCESSFULLY CONCLUDED MAY HAVE A MATERIAL EFFECT ON COMPANY'S SECURITIES.  Full Article

Royal Bafokeng Platinum sees HY HLPS to between 20-12 cents
Thursday, 13 Jul 2017 04:00am EDT 

July 13 (Reuters) - Royal Bafokeng Platinum Ltd :Sees HY loss per share and HLPS to between 20-12 cents (between 125.7 pct and 115.3 pct lower).  Full Article