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| Name | Symbol | Market | Type |
|---|---|---|---|
| Anglo American Platinum Ltd (PK) | USOTC:ANGPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.8272 | 6.07 | 6.27 | 0.00 | 14:06:36 |
From Jul 2019 to Jul 2024
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.
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