Platinum exploration group, Anooraq Resources, is understood to be considering taking 100 per cent control of the Ga-Phasha project.

The company is currently involved in a joint venture with mining firm Anglo Platinum at Ga-Phasha, but Anooraq's Deputy Chief Executive has hinted that the firm could be looking to take full control of the operation.

Anooraq is interested in buying a 15 per cent stake in Anglo Platinum's Lebowa Platinum Mines operations, including taking full control of the Ga-Phasha project, reports MiningMX.

Tumelo Motsisi, Deputy Chief Executive at Anooraq, explained: "From the beginning, we’ve been in talks with Anglo Platinum to make additional acquisitions if we could."

He added that the negotiations are currently "ongoing".

Anooraq is due to obtain a secondary listing on the JSE on December 19th.


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