South African firm Royal Bafokeng Holdings (RBH), which represents the Royal Bafokeng Nation (RBN), is considering listing its platinum interests to raise capital

The recent deal with Impala Platinum, which saw RBH spend 12.1 billion rand in a shares-for-royalty agreement, has left RBH interested in releasing some capital, reports Mining Weekly.

Speaking of the group's 50 per cent share in the Bafokeng Rasimone Platinum Mine venture, Niall Carroll from RBH said: "It is an asset we think we can do more with in any number of ways. The feasibility study is under way and we are working closely with Angloplat to bring that process to a conclusion.

"But we are also aware that it is an illiquid asset. One of the options would be potentially listing that vehicle and using that listed vehicle, which would be a multibillion-rand black-controlled platinum company, to see what other opportunities in the space could eventuate," he added.

The use of a mining company to represent the RBN's interests is part of the tribe's plan to become self-sufficient by 2020.


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