JOHANNESBURG (miningweekly.com) – Pan African Resources has completed the disposal of its interests in Auroch Minerals and the Manica gold exploration project, in Zimbabwe.
The disposal was completed through a deed of mutual settlement with Auroch, which paid Pan African A$850 000.
“Even though the total settlement amount is less than the A$2-million settlement amount previously agreed, the transaction allowed for earlier payment and further allows Pan African to focus on its core asset portfolio,” the company said in a statement on Monday.