The share price of platinum mining company Royal Bafokeng Platinum (RBPlat) fell by more than 5% on the announcement that the company is to launch a R1.2-billion bond offering to to secure the next phase of the ramp-up of its Styldrift I expansion project. The funding solution included R2-billion of recently concluded debt facilities to progress Styldrift I to a 150 000 t a month project and position it for the ultimate ramp-up to a 230 000 t a month Merensky operation, RBPlat said in a Johannesburg Stock Exchange News Service announcement on Wednesday, when its share price dropped 5.36% before midday.
