South Africa's Implats completes $500M deal, increasing Black ownership in Royal Bafokeng Platinum to 13%.
South Africa's Implats has completed a $500 million deal that will result in Black investors holding a 13% interest in the mining company and its acquired Bafokeng business. As part of the acquisition of Royal Bafokeng Platinum last year, Implats agreed to promote greater Black ownership in the platinum producer. Local communities and employees will each hold a 4% stake, while a group led by Siyanda Resources will have a 5% shareholding.
May 20, 2024
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