M&A

Smokey Hills Platinum to be sold

African Thunder Platinum has agreed to sell all its 69.75% interest in Smokey Hills Platinum Mining to the Sail Group (SJ:SIR), a chrome-focused international commodity trading company.

The Smokey Hills platinum project has been on care and maintenance since April 2016

The Smokey Hills platinum project has been on care and maintenance since April 2016

In return, African Thunder will receive US$24 million in shares of Holdco, a newly-incorporated company designed to hold all of Sail’s corporate entities. Since acquiring its stake in March 2015, African...

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