Amplats' exit from Brazil platinum prospect sparks London listing

The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson Brian McMaster has told the London Telegraph that South African supply is “only going to go one way” and that investors will benefit from Amplats walking away from $35-million worth of investment the Johannesburg Stock Exchange company has already made in the project.