Business
Bumech Unit Signs Deal To Take Control Of 'Maranda' Mine In South Africa
Bumech Unit Signs Deal To Take Control Of 'Maranda' Mine In South Africa
About this update from Bumech S.a.
Bumech SA GPW:BMC:SUBSIDIARY SIST KAPITAL PTY LTD SIGNS AGREEMENT TO TAKE CONTROL OF MARANDA MINE IN SOUTH AFRICADEAL WITH BOOYSEN FAMILY TRUST AND MARANDA MINING COMPANY PTY LTDDEAL INVOLVES FORMATION OF TWO JOINT VENTURE COMPANIESTOTAL TRANSACTION VALUE IS 60 MILLION ZAR; ADDITIONAL 120 MILLION ZAR INVESTMENT PLANNED FOR 2026-2028 FOR MINE MODERNIZATION