JOHANNESBURG – SIYANDA Bakgatla Platinum Mine, which acquired Anglo American Platinum’s Union Mine two years ago, has more than doubled its revenues thanks to the favourable platinum group metals (PGM) fundamentals and various initiatives.

Chief financial officer Imraan Osman said yesterday that the business exceeded all expectations after generating positive revenues of R7.2 billion and earnings before interest, taxes, depreciation, and amortisation of R3.3bn in the 2020 financial year, representing a 108 percent and 107 percent respective improvement compared to the prior year.