Miner warns of risks from more than year-long fight by two rival miners to gain control of the company
Royal Bafokeng Platinum says a 16-month fight by two rival miners to gain control of the company risks the future of its operations.
The takeover battle between Impala Platinum and Northam Platinum, which started in November 2021, has resulted in a “difficult operating environment”, RBPlat said in a statement on Wednesday. While Impala is its biggest shareholder with a 40.71% stake, its pathway to gaining control has been frustrated by Northam, which holds almost 35%...
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