https://newsletter.en.creamermedia.com
Africa|Business|Coal|Gold|Iron Ore|Mining|Platinum|Underground|Operations
Africa|Business|Coal|Gold|Iron Ore|Mining|Platinum|Underground|Operations
africa|business|coal|gold|iron-ore|mining|platinum|underground|operations

Competition Commission recommends approval of ARM’s Bokoni acquisition

27th May 2022

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition of platinum group metals (PGMs) miner Bokoni Platinum by special purpose vehicle African Rainbow Minerals (ARM) Bokoni, subject to public interest conditions.

The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets.

However, the commission requests that the merger be approved subject to certain public interest conditions, including commitments to support a greater spread of ownership by historically disadvantaged persons, as well as conditions related to employment.

ARM Bokoni was established by diversified miner ARM for the proposed transaction and does not have any business activities.

The acquiring firm – ARM Bokoni – is controlled by ARM Platinum, which is in turn controlled by ARM.

The ARM Group has operations in South Africa and a manganese alloy production plant in Malaysia. The ARM Group mines and beneficiates iron-ore, manganese ore, chrome ore, PGMs, nickel, ferromanganese and coal and also has a strategic investment in gold.

Bokoni Platinum is wholly-owned by Bokoni Platinum Holdings, which does not directly or indirectly control any firm.

Bokoni Platinum holds the mining rights to and operates Bokoni Mining – an underground PGMs mining operation located in Limpopo which forms part of the north-eastern limb of the Bushveld Complex.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 
 

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.16 0.255s - 192pq - 2rq
Subscribe Now