Browsing: fossil Mines

Fossil Mines is reportedly owned by Obey Chimuka, according to 263Chat Business.

According to a publication by New Zimbabwe dated June 7, 2022, the disposal of Holcim’s Zimbabwean shareholding follows prior disposals of Holcim shareholding in the Northern Ireland, Zambian and Malawian markets amid plans that the group is in the process of disposing of its Indian cement business. The firm told Bloomberg that they are constantly evaluating possibilities to align their portfolio with a vision to open new growth opportunities.

On January 25, 2022, the group announced the intention to dispose of its 76.45 per cent shareholding in LACZ as part of its strategy to divest from the cement manufacturing business before inviting interested bidders to submit their expressions of interest to its Financial Advisors, ABSA Corporate and Investment Banking in South Africa.