South Africa's Metorex has sold a 15 percent stake in Vergenoeg Mining to empowerment consortium Medu Capital for almost R109 million, the mining conglomerate announced yesterday.
Metorex chief executive Terence Goodlace said: "This is an important step in the transformation of Metorex and this transaction positions Vergenoeg well for its ongoing fluorspar operations. It also demonstrates our commitment to restructuring the group and enhances our liquidity position."
Source: Business Report
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