Dual-listed precious metals mining group Pan African Resources has completed the acquisition of Uitkomst colliery from investment holdings company Oakleaf Investment Holdings and minerals company Shanduka Resources for a revised purchase consideration of R176-million. Pan African assumed effective control of Uitkomst colliery on April 1 after settling on the new amount, as well as a total net purchase consideration – inclusive of working capital acquired – of about R150-million, compared with the R200-million initially announced in June, 2015.
