Make Kitco Your Homepage

Northam Platinum ups bid for RBPlat

Kitco News

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.