Implats opts out of undeveloped Waterberg deposit
The move by SA's number three PGM supplier leaves Canada's PTM with some tough decisions
Impala Platinum has opted not to pursue majority ownership of the undeveloped Waterberg platinum group metals (PGMs) prospect in SA and has instead kept its minority stake.
The Waterberg prospect in northern Limpopo is owned by Canada’s Platinum Group Metals (PTM), a company that tried and failed to bring a mine into production immediately south of the Sun City gambling resort. That mine and concentrator complex, called Maseve, was sold to Royal Bafokeng Platinum...