Platinum

Anooraq Resources Corporation (TSXV:ARQ,NYSE:ANO,JSE:ARQ) reported on the negotiations between Anooraq and Anglo American Platinum Limited (JSE:AMS).

Anooraq Resources Corporation (TSXV:ARQ,NYSE:ANO,JSE:ARQ) reported on the negotiations between Anooraq and Anglo American Platinum Limited (JSE:AMS).

As quoted in the press release:

The Parties have completed their strategic review of the Bokoni Group asset base, finalized a revised life of mine operations strategy, as well as an optimal financing strategy for execution of the Bokoni Group operations strategy going forward.

Pursuant to finalization of the operational and financial optimization exercises the Parties have formulated a restructuring, recapitalization and refinancing transaction for the Bokoni Group and Anooraq (“the Bokoni Group transaction”). The Parties are currently settling the terms of the Bokoni Group transaction in conjunction with seeking the necessary corporate, regulatory and other approvals required for its implementation.

Click here to read the Anooraq Resources Corporation (TSXV:ARQ) press release.

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