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Tharisa Minerals, a subsidiary of Tharisa plc, will acquire mining equipment, strategic components, site infrastructure and spare parts from MCC Contracts, and transfer employees, effective October 1, 2017. The purchase consideration totals ZAR 300 million.
Tharisa Minerals' R303.3-million deal to acquire equipment and infrastructure from MCC Contracts has been approved by the Competition Commission. The deal includes 153 yellow fleet machines and transfer of about 900 employees.
Tharisa Minerals agreed to acquire 153 yellow fleet machines and other equipment from mining contractor MCC for ZAR303.3 million. The deal also includes the transfer of about 900 on-site employees.