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June 26, 2009
Shanduka gives up Barberton for 21% stake in Pan African
Shanduka Gold, a subsidiary of black economically empowewed group Shanduka Resources, is to exchange its 26% shareholding in Barberton Mines for a 21% stake in junior miner Pan African.
The junior miner reported last week that the transaction would allow it to extend the black economic-empower- ment (BEE) credentials it currently had at the Barberton operations to group level.
Posted by StaffWriter at June 26, 2009 10:31 AM