Mvelaphanda Resources says it is considering the consolidation of all its platinum assets into a separately traded platinum empowerment vehicle, which would remain under its control.

The plan, which is to be evaluated by the firm's advisors, would result in the first black-owned, black-managed platinum company to be listed on the JSE Securities Exchange, were it successful.

Chairman Tokyo Sexwale said in his statement that the company was 'evaluating the best course for the consolidation of all our platinum interests'.

'The resultant vehicle will be a major player in the platinum sector under our control,' he added.

Mvelaphanda's deal with the Khumama empowerment consortium to land its stake in Anglo Platinum's Booysensdal project could herald the beginning of the process, which was unveiled last week.

The proposed acquisition has already reportedly won the backing of South Africa's department of minerals and energy.