Wednesday, July 18, 2007

Incwala Resources buys Akanani stake for $115 mln

(Reuters) - South African black-owned Incwala Resources has bought a 26 percent stake in junior platinum miner Akanani for 800 million rand, it said on Wednesday.

The transaction, which the unlisted firm said will be financed against its balance sheet, will make Incwala joint owner and operator with Lonmin Plc of Akanani.


Read more at Reuters Africa

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