On 16 October 2017, Impala Platinum announced a 15% strategic investment in the Waterberg Development project. Implats had the right to take a majority stake in the project, based on the outcome of a feasibility study.
So it was looking like a done deal, with Implats, which was generating nice cash flows, seen likely to take its option to lead the project into development and production.“The original investment decision was informed by Implats’ stated strategy to rebalance its portfolio of mining assets towards lower risk, shallow and mechanisable orebodies,” Implats said in a statement on Wednesday, 17 June.
There is little investor appetite at the moment for such undertakings. And developing a mine in the ecologically fragile Waterberg region will certainly be on the radar screen of conservationists if it ever gets off the ground, raising its risk profile.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Hong Kong People Shifted Pension Out of City, China StocksHong Kong workers stepped away from local and Chinese equities last month at levels not seen since 2016, as political tensions returned and investors chased big stock gains elsewhere.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Asia Stocks Drop With U.S. Futures; Havens Gain: Markets WrapAsian stocks and U.S. equity futures dropped, while the yen and Treasuries advanced, as optimism over policy stimulus gave way to recovery concerns caused by rising infection numbers in some locations.
Source: dailymaverick - 🏆 3. / 84 Read more »