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Amplats clinches Bafokeng-like agreement with community

Platinum mining company Anglo American Platinum (Amplats) on Friday announced a far-reaching agreement with the community that resides around its lucrative Mogalakwena mine in Limpopo. The agreement with the Mapela traditional community involves the establishment a corporate structure resembling Royal Bafokeng Holdings, the corporate bastion of Bafokeng community, which had spread its platinum gains into investments in financial services, mining services, infrastructure, industry, oil and gas and a wide range of other investments.