Impala Platinum, a multinational mining corporation based in South Africa, agreed to acquire North American Palladium, the world’s only pure play palladium producer, for C$1bn ($751m). “This transaction delivers attractive value for our shareholders and reflects five years of hard work we have devoted to realize the potential of our assets. We have successfully established Lac des Iles Mine as one of Canada’s largest, lowest-cost and safest underground mines, producing a metal that contributes to a cleaner global environment,” Jim Gallagher, President and Chief Executive Officer of NAP.