New report shows private funds raising money for investment in metals and mining came up empty in Q3 and so far this year commitments total a paltry $100m.
The Vancouver-based company announced that the weighted price of the 'basket' of metals contained in the ore at the Platreef project rose to a new, multi-year high.
The southern African nation sees the mining sector as the main driver for reviving an economy crippled by triple-digit inflation and high unemployment.
Implats said the transaction would "reposition its portfolio and strengthen its competitive positioning in line with its stated strategy by acquiring a palladium-rich, operating asset in an established mining jurisdiction".
