Anglo American Platinum Sells 17.3 Million Shares in Royal Bafokeng
April 25 2018 - 3:29AM
Dow Jones News
By Oliver Griffin and Dimitrios Kontos
Anglo American Platinum Ltd. (AMS.JO) said Wednesday that it
sold 17.3 million shares in Royal Bafokeng Platinum Ltd. (RBP.JO)
via an accelerated placement for 390 million South African Rand
($31.6 million), to fund a joint-venture project between the two
companies.
On Tuesday, Anglo American Platinum said it would sell up to
12.7 million shares, corresponding to roughly 6.5% of Royal
Bafokeng's shares in issue.
Anglo American Platinum, which is majority owned by Anglo
American PLC (AAL.LN), said proceeds from the placement will be
used to fund Rustenburg Platinum Mines Ltd.'s share of the Bafokeng
Rasimone Platinum Mine joint venture's Styldrift project.
Rustenburg Platinum Mines Ltd. is a subsidiary of Anglo American
Platinum.
Rustenburg Platinum Mines Ltd. and Royal Bafokeng are partners
in the Bafokeng Rasimone Platinum Mine joint venture.
Write to Oliver Griffin at oliver.griffin@dowjones.com and
Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
April 25, 2018 04:14 ET (08:14 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Anglo American Platinum (PK) (USOTC:ANGPY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Anglo American Platinum (PK) (USOTC:ANGPY)
Historical Stock Chart
From Jul 2023 to Jul 2024
