Africa's richest indigenous tribe, the Royal Bafokeng Nation (RBN), is set to emerge as the single largest shareholder in the world's second-largest platinum miner, Impala Platinum (Implats), should shareholders approve a R12,1-billion equity-for-royalty transaction...
The deal, which is to be put before a general meeting in mid-November, could be consummated before the end of the year. It was described by the participants as being 'simpler and better' than a previous deal, dubbed the IRS transaction, which was announced last year, and approved by Implats shareholders at a general meeting on July 4.
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