Alchemy Law is pleased to have advised Impala Platinum on the consolidation of its operations with Impala Bafokeng Resources (IBR). This strategic transaction, effective 1 July 2025, involves the transfer of IBR’s entire business—including all assets and liabilities—to Impala Platinum as a going concern under the tax rollover provisions of the South African Income Tax Act.
The consolidation aims to align legal structures with operational reporting lines, unlock synergies, improve profitability, and ensure long-term sustainability for both operations amid a challenging PGM pricing environment.
There was no change in shareholding, no related party involvement, and no cash consideration involved.
Alchemy partner Wildu du Plessis says: “Congratulations to all parties involved in this significant transaction, which positions the combined operations for a sustainable and profitable future. This transaction is a prime example of how strategic legal counsel can support operational resilience and long-term value in a tough commodities market. We’re proud to support Impala Platinum as it continues to optimise and future-proof its PGM business.”
Read the SENS announcement.