https://www.miningweekly.com
Platinum
Platinum
platinum

RBPlat, Amplats delay concentrate offtake agreement to February 2024

13th February 2023

By: Darren Parker

Creamer Media Contributing Editor Online

     

Font size: - +

Platinum producers Anglo American Platinum (Amplats) and Royal Bafokeng Platinum (RBPlat) have agreed to, once again, extend the notice date for their disposal of concentrate agreement. 

RBPlat entered into the agreement with Amplats subsidiary Rustenburg Platinum Mines (RPM) in July 2018 for the sale of all of the platinum group metals (PGMs) concentrate produced by RBPlat. The agreement was set to last for a continuous rolling period of five years, with the option for termination by RPM on or before August 10 last year. 

The agreement, which covers either 17% or 50% of Amplats’ bought PGMs concentrate, will now have its notice date extended to February 10, 2024. The termination date for this agreement will remain August 11, 2024, or a later date that is no longer than 18 months from the date notice, as decided by RBPlat.   

The extension of the notice date for the agreement comes as a result of Impala Platinum (Implats) having made a mandatory offer for RBPlat and the possibility of Northam Platinum making a conditional general offer to acquire the remaining shares in the company in November last year.  

Given the uncertainty surrounding the ongoing acquisition process, it was agreed that it would be advisable for RBPlat and Amplats to delay their decision regarding the offtake agreement.  

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Resources Watch
Resources Watch
17th April 2024

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th 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:0.195 0.233s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: