# Amplats subsidiary to buy Glencore's 39% stake in Mototolo JV

Anglo American Platinum's subsidiary Rustenburg Platinum Mines signed an agreement to acquire Glencore Operations South Africa's 39% interest in the Mototolo platinum mine joint venture in Limpopo, South Africa, for an upfront cash payment of about ZAR0.8bn ($59.36m) plus additional instalments.

- Type: Acquisition
- Announced: 2018-07-24
- Where: Limpopo, South Africa, South Africa
- Value: $59.4M
- Status: announced
- Products: platinum group metals
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Anglo American Platinum](https://endata.com/companies/3776.md) (partner)
- [Rustenburg Platinum Mines](https://endata.com/companies/33325.md) (acquirer)
- [Glencore Operations South Africa](https://endata.com/companies/33326.md) (target)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/amplats-subsidiary-to-buy-glencores-stake-in-mototolo-joint-venture/), 2018-07-24: "Anglo American Platinum’s (Amplats) subsidiary Rustenburg Platinum Mines (RPM) has signed an agreement to acquire Glencore Operations South Africa’s 39% interest in the Mototolo joint venture (JV)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.