Impala Platinum's (Implats) plans to sell its stake in Lonmin are being seen as a shrewd move by analysts.

According to reports on Business Day experts perceive the decision as a positive one, which will unlock value for the platinum producer.

Allan Cooke, precious metals analyst at HSBC in Johannesburg, said that Implats' $800 million deal with Lonmin was an encouraging move.

He said the offloading of the stake should simplify the company's corporate strategy and structure, thereby increasing its appeal to potential investors.

Mr Cooke also argues that the deal will have a major bearing on Implats dealings with the Bafokeng.

'There is less of an imperative (to do a deal with the Bafokeng) post this deal. It levels the playing field in terms of negotiations to convert the royalty to equity,' Cooke said.

Cooke said the deal was also positive for Lonmin, helping the firm to meet its empowerment obligations.