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Exxaro manganese deal becomes unconditional
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Exxaro manganese deal becomes unconditional
EXXARO Resources’ acquisition of manganese mines from Ntsimbintle Holdings and OMH Mauritius Corp. was today declared unconditional. First announced in May, the deal – which brings partial consolidation to the Northern Cape manganese mines – is expected to be completed by February 27. Exxaro’s subsidiary ManganExx will buy 100% of Ntsimbintle Mining, which holds a 50.1% stake in the Tshipi Borwa manganese mine. Jupiter Mines, listed in Australia…
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