Commission approves Afrimat’s proposed acquisition of Ochre Shimmer Trade and Invest 78
Following its ordinary meeting on December 9, the Competition Commission has approved JSE-listed construction materials and industrial minerals company Afrimat’s proposed acquisition of Ochre Shimmer Trade and Invest 78, without conditions.
The commission notes that JSE-listed Afrimat has nominated its wholly-owned subsidiary Afrimat Iron Ore (AIO) to acquire the target firm.
AIO controls various firms in South Africa.
The commission explains that, of relevance to the proposed transaction, is the acquiring group’s bulk commodities division. In this regard, it explains that the acquiring group produces iron-ore at its three mines located in the Northern Cape, namely Demaneng, Jenkins and Driehoekspan.
The target business is Ochre Shimmer Trade and Invest 78 in respect of its mining right over Farm Doornfontein 446, which contains iron-ore and manganese ore reserves.
The commission says it is of the view that the proposed transaction is unlikely to substantially lessen or prevent competition in any market, adding that the proposed transaction does not raise significant public interest concerns.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















