Amplats to sell Bokoni Mine to African Rainbow Minerals

For a cash consideration of R3.5 billion.
Image: REUTERS/Siphiwe Sibeko

Anglo American Platinum (Amplats), a unit of Anglo American , said on Monday it agreed to sell its Bokoni Mine in South Africa to African Rainbow Minerals Ltd for a cash consideration of R3.5 billion ($219.48 million).

Amplats holds a 49% stake in the platinum mine which has been on care and maintenance since 2017, while its joint venture partner Atlatsa Resources Corporation holds the remaining 51% interest.

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