unlocking value....
Amplats is too
http://www.moneyweb.co.za/moneyweb-mining/amplats-stock-rises-almost-5
Amplats stock rises almost 5% 17th December
On Bokoni Mine sale report. continues.....
"It seems like a good deal for Amplats because it would give them some cash to invest in more profitable mines plus it helps them get rid of a troubled mine," said Michael Homem, an equity analyst at Kaizen Asset Management.
The document, dated Dec. 18, said Baroka had the support of South Africa's state-owned pension fund, the Public Investment Corporation (PIC), in its bid for the mine.
The source said the PIC was set to fund part of the transaction in exchange for a stake in the mine. Some of the funding would come in the form of a loan from local lender Nedbank, the source added."cont.
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