Search

GMR divests mining assets in South Africa

GMR Infrastructure is divesting its two major coal-mining assets in South Africa, which it holds through a joint venture with Homeland Energy Group. However, sources said there will not be much inflow into GMR's reserves from this sale. GMR Energy, a subsidiary of GMR Infra, holds 55.84 per cent stake in Homeland Energy Group, a Toronto-listed company which owns Kendal mines (operational) and partially-explored Eloff mines in South Africa through its subsidiary Homeland Mining and Energy.

GMR divests mining assets in South Africa

GMR Infrastructure is divesting its two major coal-mining assets in South Africa, which it holds through a joint venture with Homeland Energy Group. However, sources said there will not be much inflow into GMR's reserves from this sale. GMR Energy, a subsidiary of GMR Infra, holds 55.84 per cent stake in Homeland Energy Group, a Toronto-listed company which owns Kendal mines (operational) and partially-explored Eloff mines in South Africa through its subsidiary Homeland Mining and Energy.

Digital Edition