Metals One Advances in South African Gold Acquisition with Barbrook Creditors' Approval
Metals One PLC has made progress in acquiring a South African gold asset after Barbrook Mines' creditors approved a rescue plan. Lions Bay Resources will acquire a 2.1 million ounce gold resource for $17 million, with Metals One holding a 30% stake. The deal requires several conditions, including ministerial approval and settlement of employee claims.
Topics: acquisition business rescue gold mining South Africa