Keeping to the theme of this results season, Royal Bafokeng Platinum was the latest platinum group metals producer to unveil record earnings and it is likely to be the company’s last ahead of an expected takeover by Impala Platinum.
Flush with cash, some South African PGM producers have been on the hunt for new assets. Sibanye-Stillwater has moved into the battery metals space abroad, while closer to home RBPlat – with its high-grade and shallow assets – has been high on the radar screen. Shortly after Implats’ intentions were made known last year, rival Northam Platinum acquired 32.8% of RBPlat for R180.5 per share, but that failed to trigger a mandatory offer. Implats is expected to acquire a majority stake now, but not the 100% it was initially set on.reported, quoting him as saying: “Any person who is contemplating some offer must put up or shut up… The shareholders of RBPlat deserve some respect and certainty.
If the Implats deal goes ahead as expected, it will be the latest consolidation chapter in the saga of South Africa’s PGM sector after Sibanye-Stillwater in 2019 swallowed the ailing Lonmin.
They are quite on the US-UK-NATO backed terrorists in apartheid Israel and you bloody fools are happy with that like you were on wars in Iraq,Syria,Libya and everywhere where these terrorists and war criminals have brutalized,bombed and maimed societies yet you were quite
If you want to take your knowledge to the next level in Crypto and know about next gem coins to make your own profits then follow LindaStouffes