Platinum miner Anglo American Platinum (Amplats) on Tuesday said its subsidiary Rustenburg Platinum Mines (RPM) had completed the buyout of the Kwanda North and Central blocks prospecting rights from Atlatsa Resources. It bought the prospecting rights from Atlatsa for R300-million in cash and will, following implementation of the transaction, 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.
