RBPlat receives government approval for Maseve acquisition

South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal Bafokeng Platinum (RBPlat). With the approval, all conditions precedent to the completion of Platinum Group Metals’ (PTM’s) sale of Maseve to RBPlat have now been met.