Mining News

Implats lifts shareholding in RBPlat to 35% as Northam makes unsolicited bid for RBPlat

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Platinum group metals miner Impala Platinum (Implats) announced late on Thursday that it had increased its shareholding in Royal Bafokeng Platinum (RBPlat) to 35.31%. Implats had acquired a further 8.82-million RBPlat shares, representing about 3.05% of RBPlat’s shares in issue. The Takeover Regulation Panel (TRP) has, subsequently, ruled that Implats’ general offer to RBPlat shareholders, first announced on November 29, will become a mandatory offer.

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