Johannesburg - Junior producer Jubilee Platinum is in advanced merger talks with Platinum Australia.
The parties had exchanged a heads of agreement defining key elements of a proposed scheme of arrangement which would be used to prepare the final scheme implementation agreement, Jubilee said.
The merger would create a large Anglo-Australian-South African platinum mining group with the potential to be a significant producer among the top five platinum producers globally, the company said. – Asha Speckman