INVESTORS
Baroka may bid for mothballed Amplats mine
IDC will consider funding the deal if the consortium, led by Baroka Platinum, is selected as the preferred bidder
19 August 2020 - 05:10
Anglo American Platinum has been approached by a group of investors backed by the Industrial Development Corporation (IDC) about buying Bokoni mine in Limpopo, moving the miner a step closer to getting rid of all unprofitable assets to focus on mechanised mines.
Amplats, a division of Anglo American, has been pivoting away from labour-intensive shafts that have defined SA mining for years to more mechanised operations following an unprecedented five-month strike in 2014 that further undermined its commercial viability...
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