CAPITAL MARKETS

Implats to exit Madagascar laterite

IMPALA Platinum has pulled the pin on the $US2.5 billion Ambatovy nickel project in Madagascar citing the benefits to the company it had initially anticipated “do not now appear to be achievable”.

Ben Sharples
Implats to exit Madagascar laterite

However, Canadian company Dynatec, one of three joint ventures partners in the project, said it had not received a formal notice of withdrawal from Implats as required under the recently completed Ambatovy...

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