Sibanye-Stillwater sells Blue Ridge PGM mine to Mantengu Mining
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GUEST – Michael Miller, Mantengu Mining’s CEO
Sibanye-Stillwater has disposed of its Blue Ridge Platinum mine, which has been under care and maintenance since 2011, to Mantengu Mining that has a listing on the JSE AltX.
The Blue Ridge platinum group metals (PGM) mine has an integrated ore processing plant and is located in South Africa’s Limpopo Province, and will resume operations under Mantengu Mining on approval of all conditions precedent to the transaction.
“The acquisition of Blue Ridge is in line with its investment strategy of unlocking intrinsic economic value trapped in the small to large mining sector,” said Mantengu Mining’s CEO, Michael Miller.
Sibanye-Stillwater has disposed of its Blue Ridge Platinum mine, which has been under care and maintenance since 2011, to Mantengu Mining that has a listing on the JSE AltX.
The Blue Ridge platinum group metals (PGM) mine has an integrated ore processing plant and is located in South Africa’s Limpopo Province, and will resume operations under Mantengu Mining on approval of all conditions precedent to the transaction.
“The acquisition of Blue Ridge is in line with its investment strategy of unlocking intrinsic economic value trapped in the small to large mining sector,” said Mantengu Mining’s CEO, Michael Miller.
