RE: Joint Venture10 Dec 2019 15:10
Matt--we already know that OM will be involved in the development of Zulu:
Not the least is that Otjozondu is a very well equipped owner-operator open pit mining contractor and this expertise has the potential to complement and reduce operating costs at RHA as soon as RHA is back in production, and Zulu both during exploration and mining phases.
However,it is ,IMO,very difficult to pinpoint what will exactly happen regarding company agreements.
There are so many permutations regarding Zulu JV/MNh/Circum etc all would be guesswork.
My guess is that Prem will form a "Newco" and put all mines into this new company.
Will have to wait and see.