[miningmx.com] – THE Public Investment Corporation, a government-owned asset management firm, is to help fund the R3bn purchase of Anglo American Platinum’s (Amplats’) 49% stake in Atlatsa Resources, said Reuters.
In an article republished in BDLive, Reuters said it had seen evidence of the offer in a document which would see a firm called Baroka Platinum house the investment. Baroka Platinum is part of the Baroka Tribal Mining business founded to help the impoverished Ga-Nkwana community, said Reuters.
Amplats is selling a number of non-core assets including its share in Pandora Platinum and a number of other shafts in Rustenburg. It said it hoped the complete the asset sales by the end of this year.
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