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SUBSIDIARY NAME

Gold Processing Plant and Mining

COUNTRY

South Africa Limpopo, Rustenburg and Kimberley

SECTOR/ INDUSTRY

MINING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

September 13, 2022

ACQUISITION VALUATION

3 BILLION

TOTAL ASSET VALUATION

30 BILLION

MINING

Gold Processing Plant and Mining by Tlou Ngoepe acquired on September 13, 2022. The project will create employment in the areas we will be operating, using the Social Labour Plan during first phase of our community engagements. Our main aim is to eradicate poverty and unemployment and poverty datum with inequality amongst our societies. More than 48 mines in one province yet people are without work, we are planning to employ 2,800 people in the program and change many life’s and bring in smile amongst the youths, women more especially because they have been denied opportunities in the mining sector and one of our main objective is to allow them to serve within the mining space and have the same opportunities like man and people with disabilities are also our main priority, We will run through, Training that we don’t just train for the sake of training but train in entrepreneurship and employability program. Refer to the proposal summary attached, together we can do more.

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