JOHANNESBURG (miningweekly.com) – The Competition Tribunal has approved the merger between Kgalagadi Alloys and Kalagadi Manganese without conditions.
Kgalagadi Alloys will acquire Northern Cape-based Kalagadi Manganese.
Kgalagadi Alloys is a shelf company which has no operations or business activities. Kalagadi Manganese owns new-order mining rights covering an area of 6 300 ha and spanning three farms in the Kalahari basin.
The three farms are believed to hold some 960-million tonnes of manganese ore, with exploration programmes having identified 102-million tonnes of mineral resources.
Before the merger, Kgalagadi Manganese was 50% held by steel manufacturer ArcelorMittal, 40% by Kalahari Resources and 10% by the Industrial Development Corporation.
The Competition Commission noted that the proposed transaction was unlikely to substantially prevent or lessen competition in any market or result in job losses.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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