Competition Tribunal approves Petmin’s SamQuarz sale
June 29, 2012 by goldguru · Leave a Comment
The Competition Tribunal on Friday approved Petmin’s R259-million sale of the SamQuarz silica mine, near Delmas, in Mpumalanga, to Thaba Chueu Mining.
In January, the Commission said it would not authorise the sale of SamQuarz owing to its strategic importance as a supplier to the producers of ferrosilicon and silicon metal in South Africa, sparking an appeal to the Competition Tribunal by Petmin and Thaba Chueu Mining against the decision.
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