Chemaf Group Limited to Sell 100% Stake in Chemaf Resources Limited to Northern Mining Co., Ltd., Expected Completion in Q4 2024

Published: Jun 28, 2024 20:17

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On June 27, 2024, Chemaf Group Limited (CGL) announced that it had signed a share purchase agreement with Northern Mining Co., Ltd. (Northern Mining) to sell its 100% holding of Chemaf Resources Limited (CRL). Subject to the satisfaction of the preconditions for completing the transaction, it is expected to be completed in the fourth quarter of 2024. Upon completion of the transaction, Northern Mining will acquire two copper-cobalt mines, Etoile and Mutoshi, in the Democratic Republic of the Congo.

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