Impala Platinum selling shares to workers in R1.1bn deal

South Africa’s second-largest platinum mining company is selling shares in the company’s primary operational subsidiary to employees in a R1.1-billion deal. The JSE-listed Inplats said on Thursday that it had concluded a vendor-financed equity transaction with Impala Platinum Limited, which owns the platinum mining and processing operations in the Impala lease area near Rustenburg and the platinum refining operations in Springs on the East Rand.