Pan African considers buying some of ASA's assets
By Respect Gwenzi, Jan 30, 2018
miningweekly– JSE- and Aim-listed Pan African Resources has entered into exclusive negotiations with the joint administrators of ASA Resource Group with a view to acquiring some of its assets and liabilities.
Pan African noted in a statement on Monday that there could be no certainty that an acquisition would be concluded.
ASA reported in July 2017 that it was facing cash constraints as a result of currency restrictions imposed by the Reserve Bank of Zimbabwe, which resulted in ASA not receiving adequate cash from its operating subsidiaries to meet its liabilities.
Top Stories
Karo Mining’s Loss Narrows 13% in FY2025 , Platinum Recovery Breathes Life Into Long-Delayed Project
Karo Mining Holdings Plc, the Victoria Falls Stock Exchange (VFEX)-listed mining investment company developing the Karo Platinum Project in Zimbabwe, narrowed its annual loss in the year ended 30 Sept
Jan 05, 2026
