Saturday, August 13, 2022

Amplats concludes R3.5bn sale of Bokoni to ARM

Amplats concludes R3.5bn sale of Bokoni to ARM: JSE-listed Anglo American Platinum (Amplats) and Canada-based joint venture (JV) partner and platinum miner Atlatsa Resources Corporation have completed all conditions precedent for the sale of their 49% and 51% interests, respectively, in Bokoni Platinum Mines. Bokoni is being sold to a subsidiary of diversified miner African Rainbow Minerals (ARM) for a cash consideration of R3.5-billion.