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November 26, 2009
Australia's OMH to increase stake in Ntsimbintle
JOHANNESBURG (miningweekly.com) - Australia's OMH would increase its stake in Ntsimbintle Mining, the 50,1% owner of the Tshipi manganese mine in South Africa, but had not reached a deal to buy the Pallinghurst co-investors' 49,9% stake in the project.
The ASX-listed OMH reported on Thursday that it would buy a 26% stake in black economic-empowerment (BEE) consortium Ntsimbintle for A$64-million, instead of the initially agreed upon 20% stake for A$49,2-million.
Posted by StaffWriter at November 26, 2009 1:05 PM