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Amplats receives payment for Bafokeng Rasimone JV stake sale

3rd February 2020

By: Tasneem Bulbulia

Deputy Editor Online

     

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Platinum group metals miner Anglo American Platinum (Amplats) has confirmed that Royal Bafokeng Platinum (RBPlat) has paid it the R1.85-billion still owed to it for the sale of its 33% interest in Bafokeng Rasimone joint venture (BRPM JV).

RBPlat had paid Amplats an initial R555-million in cash for its stake in the BRPM JV and, on January 30, settled the balance.

Amplats retains the right to buy 50% of the BRPM JV’s concentrate for the life-of-mine.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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