RBPlat's shares rise on buyout offer from Implats

27th October 2021

By: Chanel de Bruyn

Creamer Media Senior Deputy Editor Online


Font size: - +

Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner Impala Platinum (Implats) had made a nonbinding indicative proposal to acquire RBPlat.

RBPlat and Implats noted in a joint cautionary announcement to shareholders that the parties had completed a reciprocal due diligence exercise and were progressing a proposed transaction implementation agreement.

Shareholders would be kept informed of developments in this regard, the miners said.

Should the acquisition be concluded, RBPlat, which is led by CEO Steve Phiri, would be delisted from the JSE.

RBPlat's share price rose to R117.20 early on Wednesday, compared with Tuesday's close of R94.80.

RBPlat's operations include the Bafokeng Rasimone platinum mine (BRPM), the Styldrift mine, the BRPM Concentrator complex and the Maseve concentrator plant in Rustenburg, in the North West.



Edited by Creamer Media Reporter


The content 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

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
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?