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October 21, 2008
Implats closer to R21,2bn takeover
Impala Platinum's (Implats) R21,2-billion bid for Mvelaphanda Resources and Northam Platinum has moved a step closer to formalisation.
This follows confirmation by Mvela Resources and Northam on Monday that the Department of Minerals and Energy had reviewed the transaction and provided assurance that Anglo Platinum would not lose the black economic empowerment (BEE) credits it had already earned through its BEE deals with Mvela and Northam.
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Posted by StaffWriter at October 21, 2008 11:13 AM