Northam Platinum ups bid for RBPlat
Northam Platinum (JSE:NPH) is upping its bid from R10 billion (US$570 million) to R17 billion ($960 million) to acquire Royal Bafokeng Platinum Limited (RBPlat).
Northam Platinum first proposed the acquisition last month.
Northam Platinum is a primary integrated producer of platinum group metals. All operating mines and recycling operations are wholly owned. The company's target is to produce 1 million oz 4E annually. IN FY22 it produced 716 488 oz 4E.
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