South Africa's Impala Platinum signs black empowerment deal mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% BBBEE ownership at both Impala Platinum, which owns the Impala Rustenburg and Impala Refineries assets, and Impala Bafokeng through its wholly-owned subsidiary, Impala Bafokeng Resources (IBR).
The transaction will result in 13% B-BBEE ownership at both Impala Platinum, which owns the Impala Rustenburg and Impala Refineries assets, and Impala Bafokeng.
JSE listed Impala Platinum has unveiled a R9bn empowerment deal after its acquisition of Impala Bafokeng Resources Proprietary (IBR), previously known as Royal Bafokeng Platinum, a year ago.