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PTM, Implats close first phase of Waterberg transaction

Contributing Editor Online
JSE-listed Platinum Group Metals (PTM) on Monday reported that it had received consideration of  $17.2-million from Impala Platinum (Implats) for the sale of an 8.6% interest in its Waterberg project, while Japan Oil, Gas and Metals National Corporation (Jogmec) had received $12.8-million for the sale of a 6.4% interest in the project. “We are very pleased to close the first phase of this transaction and to welcome Implats to the Waterberg team,” said PTM CEO Michael Jones in a statement.

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