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Anglo American Platinum to Restructure Atlatsa as Part of $380M Deal
Mar. 27, 2013 11:03PM PST
Precious MetalsReuters reported that Anglo American Platinum (Amplats) announced that it will acquire two mining assets and provide capital to Atlatsa Resources as part of the $380 million restructuring plan.
Reuters reported that Anglo American Platinum (Amplats) announced that it will acquire two mining assets and provide capital to Atlatsa Resources as part of the $380 million restructuring plan.
As quoted in the market news:
Atlatsa, a platinum miner 26 percent owned by Amplats, will sell two assets – the eastern section of the Ga-Phasha project and the Boikgantsho project – to Amplats for 1.7 billion rand.
It will also sell 125 million new shares for 750 million rand to Amplats.