"The Public Investment Corp. is a strategic shareholder and key stakeholder in the South African PGM industry, and its decision to sell to us strongly affirms the rationale of the Implats transaction, which is key to the long-term economic stability of the Rustenburg region," said Implats CEO Nico Muller. "This level of ownership triggers a series of significant public interest benefits for South Africa. Implats will facilitate the introduction of broad-based black economic empowerment structures in the ownership of the Implats and RBPlat operations, increasing economic participation and ownership of key assets in the South African PGM sector. Our partnership with Siyanda Resources, a pre-eminent strategic empowerment partner with a strong track record of delivering sustainable and enduring broad-based ownership, is an exciting development." The proposed empowerment, the company said, remains subject to securing the necessary approvals, to the extent required.