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October 20, 2008
Implats bid for Mvela, Northam gets SA Govt nod
South Africa's Department of Minerals and Energy (DME) has confirmed that, should Impala Platinum's planned acquisition of Mvelaphanda Resources and Northam Platinum go ahead, the deal will not affect black economic-empowerment (BEE) credits awarded to Anglo Platinum as a result of its sale of the Booysendal platinum project to Northam.
One of the conditions to the Implats/Mvela/Northam deal, announced on October 2, was that the empowerment credits that Angloplat received as a result of the Booysendal transaction would not be affected.
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Posted by StaffWriter at October 20, 2008 11:07 AM