Mari Minerals acquires 5% stake in Kohesultan Mining

By MG News | January 22, 2025 at 10:04 AM GMT+05:00

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January 22, 2025 (MLN): Mari Minerals (Private) Limited has signed a definitive agreement to acquire a 5% interest in Kohesultan Mining Company (Private) Limited (KMCL) from Siahkoh Mining Development (SMC-Private) Limited (SMD).

The company is a wholly owned subsidiary of Mari Energies Limited (PSX: MARI), according to the company's statement issued today.

This agreement is subject to the necessary regulatory approvals.

KMCL, a joint venture between SMD and MCC Tongsin Resources Ltd (MCCT), is responsible for managing the Siahdiq Copper Project located in Chagai, Balochistan.

The acquisition aligns with MariEnergies’ strategic objectives, representing a significant step in its efforts to diversify into sectors closely related to its core business.

Additionally, it aims to support the growth and sustainability of Pakistan's mineral sector.

Copyright Mettis Link News

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