Zim buys shares in Mvela Resources

December 6, 2006

Resources, an empowerment company owned by Lazarus Zim, former CEO of Anglo American Corp. SA, is to buy shares in Tokyo Sexwale's Mvelaphanda Resources...

Mvela Resources said the combination of the two companies would create "a BEE powerhouse in mining". Details of the transaction will be released to the public at 10am (CET) on December 7.

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