The Global Resource For Connecting Buyers and Sellers

Tango sells South African diamond mine for $3m

TSX-V-listed Tango Mining has agreed to sell subsidiary African Star Minerals, which owns the Northern Cape-based Oena diamond mine, to South Africa-registered Bothma Diamante for $3-million. The transaction, for which Tango received a binding offer, comprised two stages, with Stage 1 comprising a binding term sheet and sale and acquisition agreement for contracting that would see Bothma continue the alluvial diamond bulk-sampling programme at Oena.