South Africa: Implats Acquires Canadian Palladium Operation As It Pivots to Mechanised Mining

analysis

Following a trail blazed by Sibanye-Stillwater, Impala Platinum has branched out into North America and palladium, one of the rising stars among platinum group metals (PGMs), with the purchase of Canadian company North American Palladium for $758-million.

South Africa's Impala Platinum (Implats) has taken a big step in its stated strategy of reducing its exposure to high-cost, deep-level conventional mining, with a move to shallow, mechanised assets that are rich in palladium. On Monday 7 October the company announced that it was acquiring Canada's North American Palladium Limited (NAP) at a price tag of $758-million.

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