Royal Bafokeng Platinum to acquire 100% Maseve shares for $12 million

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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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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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