EDITORIAL: Implats makes astute move into Canada
The R11.4bn deal hands platinum miner a company that has been riding a wave of investor optimism about palladium
10 October 2019 - 05:08
Paying a discount on Friday’s closing price for Canada’s North American Palladium (NAP) was a shrewd move by Impala Platinum (Implats), which operationally branches out of Southern Africa for the first time in its more than half-a-century history.
The R11.4bn deal, announced on Monday, hands SA’s third-largest platinum miner a company that’s been riding a wave of investor optimism about palladium, a metal used in vehicle exhausts to reduce harmful emissions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.