Mining News

High Court dismisses challenge against Maseve sale

The High Court of South Africa has dismissed a challenge brought by Africa Wide Mineral Prospecting and Exploration (Africa Wide) against Platinum Group Metals (PTM) and Royal Bafokeng Platinum (RBPlat) over their 2018 Maseve transaction. PTM announced in 2017 that it would sell the concentrator and related surface assets owned by Maseve Investments 11 and the shares in and shareholder claims owing by Maseve to RBPlat for about $70-million.

Share this article