Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.
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.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.
