Bankers Appointed to Advise African Rainbow on Platinum Deals

Bloomberg reported African Rainbow Minerals Ltd. (JSE:ARI) has appointed merchant banks to advise it on potential platinum deals.

As quoted in the market news:

[Patrice] Motsepe is looking at platinum assets because “now is the best time” to invest in the metal, he said at a presentation earlier. African Rainbow and Anglo American Platinum Ltd. (AMS), or Amplats, own the Modikwa platinum mine and control the Two Rivers mine in partnership with Impala Platinum Ltd. Both are in South Africa’s platinum-rich Bushveld Igneous complex.

Click here to read the full Bloomberg report.