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Northam Is Said to Consider Bidding for Bokoni Platinum Mine

  • Northam keen to add more assets as platinum metals rally
  • Anglo Platinum says process to sell Bokoni mine advanced
Six platinum group metals are found in the seams mined in South Africa.

Six platinum group metals are found in the seams mined in South Africa.

Photographer: Waldo Swiegers/Bloomberg

Northam Platinum Ltd. is considering making an offer for the mothballed Bokoni mine as it seeks to expand output and capitalize on a rally in platinum-group metal prices, according to three people familiar with the plan.

South Africa’s fourth-biggest platinum producer has evaluated a bid for Bokoni but no final decision has been taken and the company is yet to conduct due diligence, said the people, who asked not to be identified as the proposal hasn’t been made public. Bokoni is jointly owned by Anglo American Platinum Ltd. and Atlatsa Resources Corp.