Section 11 approval in respect of the disposal of 33% interest in the BRPM joint venture
17 July, 2019
Shareholders are referred to the Company’s announcement on 12 December 2018 announcing the completion of the disposal of 33% interest in the Bafokeng Rasimone Platinum Mine (BRPM) joint venture, and to the Royal Bafokeng Platinum Limited (“RBPlats”) announcement published on the Stock Exchange News Service on 17 July 2019 regarding the disposal by Rustenburg Platinum Mines Limited (“RPM”), a wholly-owned subsidiary of Anglo American Platinum, of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (“BRPM Joint Venture”) to Royal Bafokeng Resources Proprietary Limited (“RBR”).
Shareholders are advised that the Section 11 approval has been granted by the Department of Mineral Resources for the transfer of RPM’s 33% undivided interest in the mining rights attributable to the BRPM Joint Venture and accordingly, all conditions regarding the transfer of the mining rights have now been met.