Impala Platinum (Implats), which recently acquired ownership of Royal Bafokeng Platinum (RBPlat) in South Africa, is implementing strategies to integrate and optimise the asset to maximise the value of this acquisition.
The miner said that the merging of the asset bases of Impala Rustenburg and RBPlat will produce a more secure and sustainable Rustenburg operating complex.
It said that this complex will have a leading mine-to-market production base, a well-capitalised infrastructure, and a long-term competitive position, which will be reinforced by an industry-leading integrated processing capacity and the achievement of material synergies.
Implats proposed to buy RBPlat in November 2021 by offering R90.00 ($4.82) in cash and R0.30 ($0.02) Implats shares for each RBPlat share.
An obligatory offer was then fulfilled in July 2023. Implats is anticipated to have acquired 98.91% of the company's ownership by the end of the year.
The group's refined ruthenium, rhodium, palladium, osmium, iridium and platinum (6E) output is anticipated to range between 3.30 million and 3.45 million ounces.
Its 6E refined production for the fiscal year 2023, including saleable production from Impala Canada and RBPlat, was 2.96 million ounces, a 4% decrease from 3.09 million ounces the previous year.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
