ARM in talks to potentially buy the Bokoni platinum mine
South African diversified miner African Rainbow Minerals (ARM) has advised its shareholders that it is in discussions about the potential acquisition of the Bokoni platinum mine, on the eastern limb of the Bushveld Complex.
The Bokoni mine, which has been on care and maintenance since 2017, is a joint venture between Anglo American Platinum (Amplats), with a 49% interest, and Atlatsa Resources, with a 51% interest.
Amplats, in a separate statement, confirmed the discussions with ARM, adding that the objective of the sales process for Bokoni was to identify an appropriate owner with the operational, technical and financial capacity to restart and operate the mine in a safe and sustainable manner to support economic growth and job creation in the area and the broader Limpopo province.
Media reports earlier this year had indicated that Northam Platinum and Siyanda Resources had also shown an interest in acquiring the mine.
ARM advised shareholders that there was no certainty that the proposed acquisition of the mine would proceed.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation