Chinese firm clears path for ||Kharas mine takeover
Australian-listed Kazera Global has reached a N$173-million settlement agreement with Chinese firm Hebei Xinjian Construction over the sale of Tantalite Valley Mine. The mine in the ||Kharas East constituency is located 30km south of Warmbad. Hebei Xinjian Construction agreed to buy the mine from Kazera Global in 2022, but has defaulted on its payments. Following […] The post Chinese firm clears path for ||Kharas mine takeover appeared first on The Namibian .
Australian-listed Kazera Global has reached a N$173-million settlement agreement with Chinese firm Hebei Xinjian Construction over the sale of Tantalite Valley Mine.
The mine in the ||Kharas East constituency is located 30km south of Warmbad.
Hebei Xinjian Construction agreed to buy the mine from Kazera Global in 2022, but has defaulted on its payments.
Following arbitration proceedings, Australian-listed Kazera on Monday announced it had reached an agreement with Hebei.
