Implats ups RBPlat stake again as war with Northam for control hots up
On Friday, RBPlat’s shares gained 3.89% to R158.19, while Implats was up 3.94% to R219.82 and Northam 2.74% to R201.05
17 December 2021 - 20:45
Impala Platinum (Implats), the world’s third-biggest platinum miner, has increased its shareholding in Royal Bafokeng Platinum (RBPlat) to 35.23% upping the ante in its ongoing dice with smaller rival Northam for stakes in the company.
Implats has been pursuing its neighbour RBPlat for more than a decade, seeing an opportunity to own low-cost, mechanised shafts, and to extend the life of its own ageing deep-level operations in Rustenburg. ..
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