https://www.miningweekly.com

Commission gives Northam’s acquisition of Everest mine the nod

15th April 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The Competition Commission has recommended to the Competition Tribunal that the acquisition of the mothballed Everest platinum mine, in Mpumalanga, by Northam Platinum subsidiary Micawber be approved, without conditions.

Micawber intended to acquire and take cession of the mining right associated with the mine and would, post-merger, have sole control over the operation and its mining right, which was currently owned by platinum miner Aquarius Platinum.

Northam announced in February that it had struck a deal to buy the idled platinum mine in a R450-million transaction that could potentially unlock roughly 60-million platinum group metal ounces that lay adjacent to its existing Booysendal North mine.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.175s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: