EXCLUSIVE-Amplats gets $385 mln offer for Bokoni mine stake - sources

Wed Dec 17, 2014 10:40am EST
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* Baroka also bidding for Amplats stake in Atlatsa - document

* PIC, Nedbank to provide funding - source, document

* Shares in Amplats rise nearly 4 percent (Adds shares, analyst comment)

By Ed Cropley and Tiisetso Motsoeneng

JOHANNESBURG, Dec 17 (Reuters) - Anglo American Platinum has received a 4.5 billion rand ($385 million) offer for its 49 percent stake in the Bokoni mine in northeast South Africa, a source said on Wednesday, pushing its shares higher.

South African platinum mining houses are on a restructuring drive that includes selling off under-performing and labour-intensive shafts following a five-month strike this year that dashed hopes of making them profitable.

Amplats' stake in the Bokoni mine and other shafts around Rustenburg, the epicentre of the strike, has been up for sale as part of its drive to switch to more mechanised mining. The world's top platinum producer is a unit of global miner Anglo American .

Baroka Tribal Mining, a community-owned firm in Limpopo province, will also buy Amplats' 22.5 percent indirect stake in its joint venture partner, Atlatsa Resources, according to a document seen by Reuters.

The rest of Bokoni - a four-shaft mine that produces 170,000 ounces of platinum group metals a year - is owned by Toronto-based Atlatsa.   Continued...