Impala Platinum has at last gained a controlling share of Royal Bafokeng Platinum after acquiring the Public Investment Corporation's 9.26% shareholding in the company.
"It will contribute to job security for more than 42 000 Impala Rustenburg employees and contractors, and stability for the more than 495 000 people who depend on its mining activities and social contributions. With more years of continuous operation at scale, the intensity of benefits will continue for longer, delivering tangible socio- economic benefits for the region and its communities.
Northam has said it too would launch an open offer, but in April this year, it pulled the plug, citing softer metal prices.
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