# Anglo American Platinum acquires full ownership of Mototolo JV

Anglo American Platinum increased its stake in the Mototolo joint venture from 50% to 100% by acquiring Glencore Operations South Africa's 40.2% stake for R0.9bn ($61.75m) and Kagiso Platinum Venture's 9.8% interest for R267m ($18.31m).

- Type: Acquisition
- Announced: 2018-11-09
- Where: South Africa, South Africa
- Value: $80.1M
- Status: completed
- Products: platinum
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Anglo American Platinum](https://endata.com/companies/3776.md) (acquirer)
- [Glencore Operations South Africa](https://endata.com/companies/33326.md) (target)
- [Kagiso Platinum Venture](https://endata.com/companies/35411.md) (target)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/mas-week-anglo-american-platinum-ausdrill-coal-india/), 2018-11-09: "Anglo American Platinum will become the full owner of a low-cost, high-quality resource following the stake purchase."

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