Oz firm makes BEE deal

September 29, 2009

OM Holdings, a company listed on the Sydney Stock Exchange, will acquire a 20 percent interest in broad based black economic empowerment (BBBEE) group Ntsimbintle Mining.

On Wednesday, Saki Macozoma, chairman of Ntsimbintle Mining -- a company owned by various broad-based BEE groups -- said in a statement that the deal was worth R320-million.

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