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Separation and Beneficiation Systems for Sand, Gravel, Ore, Coal, Lignite and Slag
Glenmark has signed a $922 deal with Fleurette Group to acquire the remaining 31% stake in Mutanda Mining Sarl, making it now a wholly owned subsidiary.
Glenmark has signed a $922 deal with Fleurette Group to acquire the remaining 31% stake in Mutanda Mining Sarl, making it now a wholly owned subsidiary.
Glenmark has also purchased 10.25% interest in Katanga Mining from Fleurette Group for a consideration of $38m.
The loan amounting to $556m, plus interest, is due to the Glencore group from Fleurette and affiliates.
This loan will be off-set against the cash consideration payable for the transactions.
US-based Gracepoint Mining Corp has attained the full ownership of Mexico-based INVERSIONES DURANGO SAN LUIS SA CV through acquiring the remaining interest.
The target company operates an IDS Smelter project with a throughput capacity of 50tpd.
Separation and Beneficiation Systems for Sand, Gravel, Ore, Coal, Lignite and Slag
Industrial Power Generation and Climate Control Solutions for the Mining Sector
Wind Fences for Dust Control