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WATCH: RBPlat buys Amplats' stake in Bafokeng Rasimone for R1.86bn

Royal Bafokeng Platinum's Martin Prinsloo tells Business Day TV about the deal with Rustenburg Platinum Mines

A Caterpillar excavator at the Northam Platinum Booysendal mine in Mpumalanga. Picture: BLOOMBERG
A Caterpillar excavator at the Northam Platinum Booysendal mine in Mpumalanga. Picture: BLOOMBERG

Royal Bafokeng Platinum (RBPlat) is set to purchase Amplats subsidiary  Rustenburg Platinum Mines' 33% stake in Bafokeng Rasimone mine, at a R1.86bn price tag.  

However, the deal will still allow Amplats access to the mine's production, at a cost.

To go through the rationale behind the deal struck and what this means for its operation in futureis Royal Bafokeng Platinum's chief financial officer, Martin Prinsloo.

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