28
Sep
19:29
Afarak takes majority shareholding in SA chrome mine
Afarak Mining Limted has reached an agreement in principle to acquire for ZAR 20 million ($1.48m) a 70% shareholding in Zeerust Chrome Mine (ZCM) from Afrika Mineral Trading & Investment Trust. The remaining 30% will be allocated to workers, community and other partners.
The conclusion of the deal is scheduled for next month, subject to documentation and completion of the final legal due diligence process. Afarak Mining is a subsidiary of Finnish-headqu…
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Anonymous
Very good overview of the weekly steel market.
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