·On March 7 2024 DPM announced that it had entered into a definitive SPA with a subsidiary of Sinomine for the sale of its 98% interest in the Tsumeb smelter for a cash consideration of US$ million on a debt free and cash free basis subject to normal working capital adjustments following closing
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·Under the terms of the SPA DPM through the sale of the shares of DPMTH will transfer on a debt free and cash free basis all assets and liabilities associated with the Tsumeb smelter to
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TORONTO March 07 2024 GLOBE NEWSWIRE — Dundee Precious Metals Inc DPM DPM or the Company today announced that it has entered into a definitive share purchase agreement the SPA with a subsidiary of Sinomine Resource Group Co Ltd Sinomine for the sale of its interest in the Tsumeb smelter located in Namibia
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·Dundee Precious Metals sold the Tsumeb Smelter to Sinomine Resources Group s subsidiary for US$49 million The company announced Thursday that it had sold the smelter including all associated assets and liabilities by disposing of all the issued and outstanding shares it indirectly holds in Dundee Precious Metals Tsumeb Holding
Aluminium extrusion company that has a manufacturing capacity of 1 800 annually for sale treatment powder coating and wood effect On an annual basis we can manufacture 1 800 tons of aluminium The smelter can process 12 tonnes of aluminium per day and we manufacture 5 tonnes of powder coating per shift Our year on year growth rate
·Under the terms of the SPA DPM through the sale of the shares of DPMTH will transfer on a debt free and cash free basis all assets and liabilities associated with the Tsumeb smelter to
·Under the terms of the SPA DPM through the sale of the shares of DPMTH will transfer on a debt free and cash free basis all assets and liabilities associated with the Tsumeb smelter to Sinomine for consideration of US$49 million in cash subject to normal working capital adjustments following closing the purchase price
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