Wesizwe Platinum Ltd. is considering the disposal of its minority stake in Platinum Group Metals Ltd.’s Maseve mine as it focuses on developing its Bakubung project, Chief Executive Officer Jianke Gao said.
Royal Bafokeng Platinum Ltd. , a South African miner of the precious metal, has orders for all stock on sale in its 3 billion rand ($431 million) initial public offering at around the middle point of the price range it sought, a person familiar with the matter said.
Impala Platinum Holdings Ltd. , which said today it’s in talks on a possible transaction, may be planning to acquire Royal Bafokeng Platinum Ltd. to gain access to the company’s South African mine, according to fund managers.
Royal Bafokeng Platinum Ltd. , the South African producer of the metal, said it agreed the main commercial terms of a deal that will allow Impala Platinum Holdings Ltd. , the world’s second-largest producer, to mine part of Royal Bafokeng’s reserves.
Anglo Platinum Ltd. , the largest producer of the metal, vetoed a deal that could have combined the 300,000-strong Bafokeng nation’s Rasimone mine with rival Impala Platinum Holdings Ltd.’s largest mine, Royal Bafokeng Holdings Ltd. Chief Executive Officer Niall Carroll said.
Royal Bafokeng Platinum Ltd., South Africa’s largest black-owned platinum miner, plans to raise as much as 3.2 billion rand ($466 million) through the nation’s biggest mining initial public offering in at least 16 years.
The Royal Bafokeng Nation, representing a 300,000 strong community in South Africa that began more than 100 years ago buying back land taken from them under colonial rule, will sell shares in a platinum mine.
Royal Bafokeng Platinum Ltd. , a South African producer of the metal, approved a 1.3 billion-rand ($189 million) expansion of the Bafokeng Rasimone mine it co-owns with Anglo Platinum Ltd. to boost output.
Royal Bafokeng Holdings Ltd., which represents the business interests of the 300,000-strong Bafokeng community in northern South Africa, said it wants to invest as much as 10 billion rand ($1.45 billion) in non-mining assets over the next two to three years.