Mari Minerals to acquire 87.5% stake in Sanjrani Mining Company

MG News | February 12, 2025 at 10:49 AM GMT+05:00

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February 12, 2025 (MLN): Mari Minerals (Private) Limited (formerly Mari Mining Company (Pvt) Limited), a wholly owned subsidiary of Mari Energies Limited (previously Mari Petroleum Company Limited), has entered into a definitive agreement with Sanjrani Mining Company (Pvt) Limited (SMC).

The agreement is to acquire an 87.5% interest, along with operatorship, in multiple mineral exploration licenses. These licenses cover a total area of 40 square kilometers.

The acquisition is subject to the requisite approvals.

These licenses are located in Chaghi district of Balochistan.

A new project company will be established to carry out exploration activities following the completion of all necessary formalities and after obtaining relevant regulatory and corporate approvals.

This acquisition is in line with our diversification strategy where we are building a mining portfolio focused on Copper and Gold exploration.

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