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ANGPY Anglo American Platinum Ltd (PK)

5.8272
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
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 13:59:35

Anglo American Platinum to Sell a Stake in Royal Bafokeng

24/04/2018 5:55pm

Dow Jones News


Anglo American Platinum (PK) (USOTC:ANGPY)
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By Dimitrios Kontos

 

Anglo American Platinum Ltd. (AMS.JO) said Tuesday that it intends to sell up to 12.7 million shares in Royal Bafokeng Platinum Ltd. (RBP.JO) via an accelerated placement, to fund a project of a joint venture between the two companies.

Anglo American Platinum said the shares correspond to about 6.5% of the total number of Royal Bafokeng's shares in issue.

Anglo American Platinum said it will use the money to fund the share of its Rustenburg Platinum Mines Ltd. subsidiary in the funding requirements for the Styldrift project of the Bafokeng Rasimone Platinum Mine joint venture.

Rustenburg Platinum Mines Ltd. and Royal Bafokeng are partners in the Bafokeng Rasimone Platinum Mine joint venture.

 

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

 

(END) Dow Jones Newswires

April 24, 2018 12:40 ET (16:40 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

1 Year Anglo American Platinum (PK) Chart

1 Year Anglo American Platinum (PK) Chart

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1 Month Anglo American Platinum (PK) Chart

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