ARM in talks to potentially buy the Bokoni platinum mine

28th October 2021 By: Creamer Media Reporter

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.