RPM writes off Atlatsa debt; Atlatsa to go private

Atlatsa and Rustenburg Platinum Mines (RPM) have entered into an agreement that will result in RPM acquiring the resources in Atlatsa’s Kwanda North and Central Block prospecting rights, for R300-million, or C$28-million. Following implementation of this transaction, RPM will write off the R4.6-billion in debt owed to it by Atlatsa, including any current and further debt that may be incurred during the care and maintenance period of Bokoni mine, in Limpopo, until December 21, 2019.