Amplats, PIC invest $200 million in platinum venture funds
JOHANNESBURG, July 17 (Reuters) - South Africa's Anglo
American Platinum has invested $100 million in two
venture capital funds focused on increasing demand for platinum
group metals, it said on Tuesday.
The investment in the two UK-based funds, managed by AP
Ventures, will be matched by a similar commitment from the South
African state pension fund, the Public Investment Corporation.
"Developing the market for PGMs is a strategic priority for
Anglo American Platinum and this investment with AP Ventures is
a key initiative," Anglo American Platinum said in a statement.
(Reporting by Tiisetso Motsoeneng; editing by Jason Neely)
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