Anglo Platinum to sell stake in JV

Comment on this story

Eurasia Mining, which operates gold and platinum group metals projects in Russia, said it would buy out partner Anglo American Platinum Ltd's stake in their platinum mining joint venture.

The miner said its unit Eurasia Investments Ltd (EIL) would buy the 50 percent stake it does not already own in Urals Alluvial Platinum (UAP) from Rustenburg Platinum Mines (RPM Cyprus).

The agreement is conditional on RPM Cyprus and members of the Anglo American Platinum group getting approval from the South African exchange control, Eurasia Mining said on Friday.

The UAP joint venture was started by RPM Cyprus and EIL in August 2003. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines