Mineral Sands Resources (Pty) Ltd (“MSR”) owns 100% of the Tormin Mineral Sands Operation in the Western Cape, South Africa.
On April 12, 2023, Mineral Commodities Limited (MRC) increased its interest in MSR from 50% to 69%.
Mineral Commodities Limited (MRC) develops and operates the project via its 100% owned subsidiary MRC Resources Pty Ltd (“MRCR”).
Ownership after completion of the transition:
69% MRC, via its subsidiary MRCR;
21% B-BBEE Shareholders;
5% employees (entity to be established); and
5% equivalent benefit to local community (entity to be established).
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