NORTHAM Platinum has launched a bid for Kroondal Platinum, a move aimed at growing its business and lifting its profile in the metals industry. Northam, South Africa’s fourth largest platinum miner, said it would consider a R40 per share offer for Kroondal, a significant increase on rival Australian miner Aquarius’ R32 a share bid. Aquarius has a 50.7% stake in the South African junior miner, where operations started in May 1999. – Reuters
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