The Platinum Consortium has made an unconditional mandatory cash offer to all Barplats (BPL) minority shareholders.

The offer stands at 210 cents per Barplats share, and is in accordance with the Securities Regulation Panel Code on Takeovers and Mergers.

Earlier this year the Platinum Consortium bought Impala Platinum's 83.2 per cent stake in Barplats, in a deal formally approved by the Competition Commission in June.

Barplats operates a series of pgm interests on South Africa's Bushveld Complex, including the Corcodiel River Mine, Keeneddy's Vale project and a variety of holdings in North West Pronvince.

Production at Barplats has fallen in recent months, with the latest annual results reflecting a 37 per cent decline in platinum concentrate production to 24,500 ounces.