Afrimat set to acquire Unicorn’s anthracite as Demaneng pays off
The group’s Demaneng mine has been generating cash due to high iron ore prices
26 May 2020 - 13:27
UPDATED 26 May 2020 - 15:53
Building materials and industrial minerals group Afrimat, which has recently seen a healthy profit bump from its Demaneng iron ore mine, has set its sights on anthracite producer Unicorn Capital Partners.
Afrimat intends to issue about 3-million new shares, worth about R90m as of Tuesday morning, to acquire the shares in Unicorn it doesn’t already own. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.