JOHANNESBURG (miningweekly.com) – TSX- and JSE-listed Atlatsa Resources is still not in a position to file its unaudited interim financial statements for the three and six months ended June 30, the related management’s discussion and analysis and the related CEO and CFO certificates by the filing deadline.
In a required bi-weekly default status report, the company on Tuesday said it was not certain as to when it would be able to finalise its financial statements and related disclosures as it continued its financial restructure plan with Anglo American Platinum (Amplats).
The restructure plan dictated that the Bokoni mine be placed on care and maintenance, owing to continuing operational losses in a depressed platinum market.
This decision will be reviewed on an ongoing basis.
“To maintain medium- to longer-term optionality for production to recommence at Bokoni, Amplats has agreed to fully fund a care and maintenance strategy for the operations up until December 31, 2019,” Atlatsa said in the statement.
The British Columbia Securities Commission issued a management cease trade order on August 15.