Platinum miner Incwala has revealed that it will be pursuing "an aggressive – but prudent – acquisition strategy" over the coming months.

That is the view of the company's chief executive, Arne Frandsen, who also explained that any deals would preferably ensure that Incwala has a "hands-on" involvement in managing its investments.

The statement of intent from Mr Frandsen comes as the black-owned company prepares to become a major player in the platinum mining industry.

Speaking to Mining Weekly, Mr Frandsen commented that the company – which is 52.8 per cent owned by historically-disadvantaged South African investors – is strongly committed to "the spirit of empowerment".

And he was confident that the platinum industry will have a positive future, adding: "The outlook for the platinum industry is bullish. There is definitely an interesting future need for the product, with attractive supply: demand dynamics – it is a very exciting sector."

He believes that Incwala are strongly positioned to take advantage of this, and as such the company looks set to feature heavily in any future merger and acquisition movements in the platinum mining industry.


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