Northam Platinum, the producer of the precious metal that has been buying back shares from its black empowerment partner, says it is in talks to bring the arrangement to an early conclusion.
SA’s fourth-biggest platinum producer has already bought 70% of preference shares held by Zambezi Platinum. That reduces a potential liability in 2025 when its black investors are permitted to divest; Northam would need to pay the difference if the shares fell below their initial acquisition price of R41 each...
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