PAN African Resources made a special plea to the South African government to assist it following closure of a deal to buy two large surface gold tailings deposits west of Johannesburg.
Aim- and JSE-listed Pan African Resources says its acquisition of Mogale Gold and Mintails South Africa Soweto Cluster, near Krugersdorp, in Gauteng, has been finalised for R50-million, or $2.8-million.
The deal will see the R7.67bn gold miner take control of Mogale Gold and the Mintails SA Soweto Cluster
Pan African Resources PLC said on Thursday it had concluded its acquisition of Mogale Gold Pty Ltd and Mintails’ SA Soweto Cluster Pty Ltd.
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