ZIMPLATS parent company, Impala Platinum (Implats), has emerged victorious in its battle for control of Royal Bafokeng Platinum (RBPlat) after rival company Northam Platinum sold its stake. In January 2022, Implats made an offer to acquire all outstanding shares of
ZIMPLATS parent company, Impala Platinum (Implats) has announced that it has acquired an additional 0.08% of the share capital of Royal Bafokeng Platinum (RBPlat). With this acquisition, Implats now owns 56.1% of RBPlat’s shares in issue. The platinum giant has
Royal Bafokeng Platinum (RBPlat) has sold an additional 690,736 shares to Impala Platinum (Implats) in a recent agreement. This acquisition amounts to approximately 0.24% of the total RBPlat shares currently available on the market. Implats had previously announced its intention
ZIMPLATS mother company, Impala Platinum (Implats) has advised that the outstanding Competition Tribunal approval of its offer to buy out all remaining ordinary shares of fellow platinum group metals miner Royal Bafokeng Platinum (RBPlat) will not be finalised by November 3. Although it does still
Northam Platinum has withdrawn its offer to acquire Royal Bafokeng Platinum, citing the currently low prices of platinum group metals (PGM), saying they had reached levels that constitute a “material adverse change”. The decision effectively ends a year-long takeover battle
Platinum group metals (PGMs) company Implats, which generated free cash flow of R28.8-billion in the 12 months to June 30, said on Thursday that it had allocated R4.3-billion over the next five years to energy security and decarbonisation. Gross profit totalled R41.3-billion at a gross margin
South Africa’s Impala Platinum (Implats) (IMPJ.J) said on Monday it was planning to make an offer to buy smaller platinum group metals producer Royal Bafokeng (RBPJ.J) for 150 rand per share in a cash-and-stock deal. In a separate statement, Royal Bafokeng said that
Impala Platinum Holdings Ltd.’s decade-long quest to buy a smaller rival that owns assets key to prolonging the life of its own mines in South Africa came to a shuddering halt on Tuesday. Chief Executive Officer Nico Muller thought he finally had
