Aim- and JSE-listed Gemfields has started a sales process for its 23.54% holding in Pallinghurst Ivy Lane Capital, which owns 27.64% of Sedibelo Platinum Mines (SPM), giving Gemfields an indirect interest in SPM of about 6.54%.
SPM is incorporated in Guernsey and owns and operates the Pilanesburg Platinum Mines in South Africa’s Bushveld Complex.
Gemfields does not consider SPM as a core part of its strategy.
Interested parties should reach out to Liberum Capital, which has been appointed to manage the sale.
Gemfields remains the operator and majority owner of both the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique.