Impala Approached Over Stake in Zimbabwe Platinum Project
- Great Dyke needs financing to develop the Darwendale Mine
- Offtake deal is key to raising money, people familiar say
Workers depart following a shift change at the Impala shaft 1 mine in Rustenburg, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
The owners of a Russian-backed project to build Zimbabwe’s biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings Ltd., according to people familiar with the matter.
Great Dyke Investments views Impala as an attractive partner partly because the Johannesburg-based company also has the capacity to process ore from the mine, said the people, who asked not to be identified as the details aren’t public. That would give Great Dyke an offtake agreement to help it to raise financing to complete the mine, they said.