ASSET TALKS
Pan African eyes nickel and gold assets in Zimbabwe
Pan African Resources is looking at nickel and gold mining assets in Zimbabwe as the economy shows signs of opening to investors after decades of deterioration under former president Robert Mugabe. President Emmerson Mnangagwa has adopted a more business-friendly tone, suggesting that the 51% local ownership of mining companies may be abandoned. Last week, Bloomberg reported that Tharisa, a chrome and platinum group metals miner in SA, was talking to Mnangagwa about mining opportunities in Zimbabwe, a country with under-utilised mineral potential in platinum-group metals, lithium, chrome, gold and coal. London-and Johannesburg-listed Pan African, which mines gold in SA, said on Monday it was in "exclusive negotiations with the joint administrators of ASA Resource Group". These talks were around "acquiring certain of the assets and liabilities of the group", Pan African said, without giving details, warning there was no certainty any purchases would be concluded. ASA, which has cance...
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