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Steve Phiri, Royal Bafokeng Platinum CEO

South Africa’s Royal Bafokeng Platinum (RBPlat) announced today, 14 February 2018, that all conditions it had fulfilled or waived regarding its acquisition of the concentrator plant and surface assets of Maseve Investments from Platinum Group Metals Ltd for $58 million.

Under the deal, RBPlat will also acquire 100 percent of the shares in and shareholder claims owing by Maseve for $12 million.

“The plant assets will transfer to Royal Bafokeng Resources, a wholly owned subsidiary of RBPlat, on the date on which certain formalities are completed,” it said.

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