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Northam is said to consider bidding for Bokoni platinum mine
As it seeks to expand output and capitalise on a rally in platinum-group metal prices, according to three people familiar with the plan.
By Felix Njini, Loni Prinsloo and Antony Sguazzin, Bloomberg
5 Feb 2021 16:25
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Image: Bloomberg
Northam Platinum is considering making an offer for the mothballed Bokoni mine as it seeks to expand output and capitalise on a rally in platinum-group metal prices, according to three people familiar with the plan.
South Africaâs 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 hasnât been made public. Bokoni is jointly owned by Anglo American Platinum Ltd. and Atlatsa Resources Corp.