Report summaryThe mineral rights to the Berg Aukas mine and surrounds are held by China Africa Resources Namibia (Pty) Ltd (a wholly owned subsidiary of CAR). In 2010 Weatherly announced its intention to spin off the Berg Augas asset into a new publicly listed company, Central Africa Resources (CAR) whose major shareholders are China Mineral Exploration & Development Bureau (ECE) 65%, Weatherly 25% and Weatherly shareholders 10%. ECE paid £4.8M for its share ECE is a subsidiary of Jiangsu Eastern China...
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