Wednesday, October 27, 2021


Implats desires to purchase Royal Bafokeng Platinum

Impala Platinum Two Rivers Mine in Limpopo Implats and Royal Bafokeng Platinum (RBPlat) are in talks, which might see Implats…

By Staff , in Platinum , at October 27, 2021


Impala Platinum Two Rivers Mine in Limpopo

Impala Platinum Two Rivers Mine in Limpopo

Implats and Royal Bafokeng Platinum (RBPlat) are in talks, which might see Implats shopping for out traders within the smaller firm.

Ought to the proposal achieve success, RBPlat would delist from the JSE, as the businesses turn out to be a single platinum group metals entity.

RBPlat has a market capitalisation of R27.4 billion, whereas Impala, which has operations in Canada, Zimbabwe and South Africa, is valued at R172 billion.

“The events have accomplished a reciprocal due diligence train and are progressing a proposed transaction implementation settlement,” the miners stated in a joint assertion. The businesses nevertheless warned that the proposal doesn’t represent a suggestion or a agency intention to make a suggestion.

RBPlat was born out of a three way partnership between Anglo American Platinum and Royal Bafokeng Holdings (RBH).

RBH, which is owned by the Royal Bafokeng Nation Improvement Belief, nonetheless holds 40% of the corporate. Some 60% of its shares are held by the market.

RBPlat owns two platinum mines – Bafokeng Rasimone and Styldrift – in addition to the Bafokeng Rasimone Platinum Mine Concentrator advanced and the Maseve concentrator plant.

RBPLat’s share value rocketed by nearly 20% in opening commerce on Wednesday, whereas Implats weakened by 2%.

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