Mining News

RBPlat’s shares rise on buyout offer from Implats

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Platinum group metals (PGMs) miner Royal Bafokeng Platinum’s (RBPlat’s) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner Impala Platinum (Implats) had made a nonbinding indicative proposal to acquire RBPlat. RBPlat and Implats noted in a joint cautionary announcement to shareholders that the parties had completed a reciprocal due diligence exercise and were progressing a proposed transaction implementation agreement.

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