According to the tribunal, Northam will be limited to making written and oral submissions on the alleged potential harm of the merger, including on the"effect on competition in the local upstream market for the production and sale of primary concentrate and the extent to which the merger effects could be prejudicial to junior miners."
Impala Platinum has meanwhile offered to buy out all RBPlat shareholders and has so far acquired 37.83% of the shares. The Competition Commission recommended to the Tribunal that the deal be approved. After the tribunal's ruling, Northam's legal representatives and economic advisors will now be granted access to the confidential version of the commission’s merger recommendations.
Impala argued at the time that Northam has no legitimate interest in justifying its intervention and is simply playing for time as it figures out how to bump up its own shareholding in RBPlat.
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Northam granted the right to intervene in Implats-RBPlat merger hearingsCompetition Tribunal rules Northam can give evidence only on the proposed merger’s effects on the ore-processing market and on junior miners 🔒
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