Mining Weekly reported Royal Bafokeng Platinum (FRA:7BF) will defer R462-million in project capital expenditurein efforts to preserve cash flow.
As quoted in the market news:
The current soft platinum-group metals (PGMs) prices, cost pressures and weaker platinum demand sparked the group’s decision to review its operating activities and capex and postpone expenditure in the short to medium term on certain noncritical items.
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.