OM Holdings' Unit to Sell 26% Stake in South African Mining Firm

MT Newswires Live

2025/05/14

OM Holdings (ASX:OMH) said that its unit OMH (Mauritius) has agreed to sell its 26% stake in South Africa-based Ntsimbintle Mining Proprietary (NMPL) to mining and renewable energy company Exxaro Resources for about $101.4 million.

The transaction is conditional on the sale of the remaining NMPL stake, regulatory approvals, and other commercial agreements, the filing said.

If approved, the deal is expected to close in early 2026, with 95% of the payment made at closing and 5% held in escrow for one year, the filing added.

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