Deals
Royal Bafokeng, Impala Platinum Strike Metal-Sharing Deal
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Royal Bafokeng Platinum Ltd., the South African producer of the metal, said it agreed the main commercial terms of a deal that will allow Impala Platinum Holdings Ltd., the world’s second-largest producer, to mine part of Royal Bafokeng’s reserves.
“It will give Impala the Merensky ounces they need” while contributing “some nice cash flow” to Royal Bafokeng, Chief Financial Officer Martin Prinsloo said in an interview today. Royal Bafokeng, based in Johannesburg, will get a royalty of