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Amplats Receives $385-million Offer for Bokoni Mine Stake
Dec. 18, 2014 09:23AM PST
Precious Metals Investing
Anglo American Platinum Ltd. (JSE:AMS) has received a $385-million offer for its 49-percent stake in the Bokoni mine in Northeast South Africa.
Anglo American Platinum Ltd. (JSE:AMS) has received a $385-million offer for its 49-percent stake in the Bokoni mine in Northeast South Africa.
As quoted in the market news:
Baroka Tribal Mining, a community owned firm in Limpopo prov-ince, will also buy Amplats’ 22.5 percent indirect stake in its joint venture partner, Atlatsa Resources, according to a document seen by Reuters. The rest of Bokoni- a four shaft mine that produces 170,000 ounces of platinum group metals a year is owned by Toronto based Atlatsa.