Kazera Global plc, a British investment company, has entered into an agreement with PDNA Property Investments (Pty) Ltd to increase its share in two key mining enterprises in South Africa in order to optimize project management and strengthen its position in the South African market. This is reported in the Kazera press release.
The deal includes the acquisition of an additional 21% stake in Whale Head Minerals (Pty) Ltd and a 6% stake in Deep Blue Minerals (Pty) Ltd. for $60 thousand. The transaction is expected to be completed within a few days.
Thus, Kazera increases its share in the Whale Head heavy minerals project to 91% and its share in the Deep Blue diamond producer to 80%, while BEE Partners will retain 20%.
From the point of view of Kazera's management, the deal simplifies the ownership structure of the South African assets and increases the share in Deep Blue. In addition, Kazera paid $500,000 to the Chinese construction company Hebei Xinjian Construction CC in Namibia.
Kazera Global plc is a British investment company in the raw materials and energy sectors. The headquarters is located in London (England).
PDNA Property Investments (Pty) Ltd. is a South African insurance company. The headquarters is located in Rosebank (South Africa).
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