ROYAL Bafokeng Platinum CEO Steve Phiri on Tuesday applauded President Cyril Ramaphosa’s energy plan, which involves the introduction of new generation capacity to the grid as quickly as possible to give Eskom the required headroom to carry out much-needed maintenance on its ageing coal fleet.
Royal Bafokeng Platinum is a community-controlled midtier platinum group metals (PGMs) company which owns and operates the Bafokeng Rasimone Platinum mine (BRPM) and the Styldrift PGMs project, which is ramping up to steady state.
“I think the President needs to be applauded. He couldn’t have done it better in the circumstances – freeing up development of green energy and access to the grid, allowing people to develop and help the power situation in the country,” said Phiri during a Zoom interview with Mining Weekly.
Royal Bafokeng Platinum, which released another dividend-yielding set of half-year results on the back of a 4.5% increase in PGM ounces to 225 500 oz, is itself moving steadily towards generating 98 MW of its own clean, green solar power, which will give it energy security and help reduce rising mining inflation.
The
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
