Press Release Archive - 2012

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Notes to editors:

Palabora’s principal asset is a copper mine in South Africa which also produces vermiculite and magnetite.

The purchasing consortium comprises the following parties (respective interests in brackets):

• Hebei Iron & Steel Group (35%), a leading international steel producer wholly-owned by the Chinese Government;
• The Industrial Development Corporation of South Africa Limited (20%), a development institution wholly-owned by the South African Government;
• Tewoo Group Co., Ltd (20%), a diversified group wholly-owned by the Chinese Government; and
• General Nice Development Ltd (25%), a privately-owned Chinese trading company.

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