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South Africans are well within their rights to be very proud of the iron-ore that is produced in the country. That is the view of Sedibeng Iron Ore CEO Aneesh Misra, who is also MD of IMR South Africa. (Also watch attached Creamer Media video.) ....
PPC to sell lime business for US$36m Written by Global Cement staff 05 May 2021 South Africa: PPC has agreed to sell its lime business to Kgatelopele Lime for US$36m. The cement producer previously identified PPC Lime as a non-core operation and the sale process started in December 2020. Kgatelopele Lime was formed to buy PPC Lime. Its shareholders are mineral resources trader IMR Resources, investment holding companies Kolobe Nala Investment Lime, HEX2M and JJJL Mining. The divestment is subject to consent by competition authorities and the government by the end of 2021. PPC Lime originally started operations in 1954 in Lime Acres, Northern Cape. PPC Lime continues to mine out of two quarries, mining dolomite and limestone respectively, along with a rotary kiln plant to manufacture the burnt product. PPC Lime generated revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) for the ....
MONEYWEB app instead? Transaction likely to influence its planned R750m rights issue decision. 00:01 The net proceeds of about R500m will be used to degear PPCâs SA balance sheet. Image: Moneyweb JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million. In terms of the agreement, the rights, benefits and advantages of PPC Lime transfer to Kgatelopele Lime on April 1, with the divestment expected to reach a close by the end of the year. INSIDERGOLD ....
Roy Cokayne The divestment forms part of PPC’s ongoing capital restructuring, and the effective net proceeds of about R500 million will be used to degear the cement producer s SA balance sheet. PPC truck. JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million. In terms of the agreement, the rights, benefits and advantages of PPC Lime transfer to Kgatelopele Lime on April 1, with the divestment expected to reach a close by the end of the year. ....