Deals
China African Precious Metals to Buy South African Gold Mine
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China African Precious Metals Ltd., affiliated to Hong Kong’s SSC Mandarin Holdings Ltd., will buy Pamodzi Gold Orkney Ltd. in South Africa for 150 million rand ($22 million), the provisional liquidator of the mine said.
“It is expected that it will spend more than 525 million rand on mine developments and on erecting a new gold plant at the mine,” the liquidator said today in a statement. Orkney may be in full production a year from deal completion, it said.