Transaction

Standard Bank invests R2.5 billion in Valterra Platinum Limited

Announced

18 May 2026

Target

Valterra Platinum Limited

Value

$150.2m

Asset class

Private Credit

Type

Debt Financing

Instrument

Debt

Lead investors

Standard Bank Group Limited

Investors

Standard Bank Group Limited

Sector

Mining and natural resources / Metals & Mining

Markets

South Africa, Zimbabwe

About the target

Valterra Platinum Limited is a South African mining company that was demerged from Anglo American plc in May 2025. Headquartered in Johannesburg with operations primarily in South Africa's Bushveld Igneous Complex and Zimbabwe, the company is the world's largest primary producer of platinum group metals. Valterra Platinum Limited's operations include mining, smelting, and refining platinum group metals (platinum, palladium, rhodium, ruthenium, iridium, and osmium), alongside base metals such as nickel, copper, cobalt sulphate, and chrome, as well as gold and sodium sulphate. The company operates major mines, including Mogalakwena in South Africa and Unki in Zimbabwe, with processing assets comprising smelters and refineries. Valterra Platinum has a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange.