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. The acquisition of the blocks is faciitating the valuable rights consolidation of Amplats’ rich Mogalakwena platinum group metals (PGM) mine, where metal credits resulted in platinum being produced at a minus cost of – $292/oz in the six months to June 30.
