Afrimat to bulk up mining interests with R650m manganese deal
- Get link
- X
- Other Apps
Australia’s Aquila ends its messy association with SA after a decade-long legal battle to secure rights to the deposit
Building materials and mining group Afrimat has inked a R650m deal for a manganese mining right in the Northern Cape, marking the end of a protracted and bitter fight by Aquila Resources against the state to secure the prospect.
Afrimat, valued at R6.8bn on the JSE, will buy the Gravenhage mining right, a long-life near-development manganese resource that is about 50km north of Hotazel, and about 120km from the group’s existing Demaneng iron ore mine. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Comments
Post a Comment