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Why Is OM Holdings Selling Its 26% Stake in Ntsimbintle Mining for US$101.4M?

2:39am on Monday 2nd of June, 2025 AEST Mining
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Why Is OM Holdings Selling Its 26% Stake in Ntsimbintle Mining for US$101.4M?

2:39am on Monday 2nd of June, 2025 AEST
Key Points
  • Sale of 26% stake in Ntsimbintle Mining for US$101.4 million
  • Transaction includes shares and marketing rights, subject to regulatory approvals
  • Exxaro Resources to expand manganese portfolio through acquisition
  • Deal expected to close in early 2026 pending approvals
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