Basil Read Mining Botswana (BRMB), a wholly-owned subsidiary of Basil Read Mining, will sell its 28% interest in the Majwe Joint Venture (JV) to Thiess Botswana and Bothakgwa Burrow Botswana (BBB) for R110.5-million. Under the terms of the agreement, BRMB will sell 28 ordinary shares, constituting 28% of the issued shares of Majwe. Of this, Thiess will buy ten ordinary shares and BBB will buy 18 ordinary shares, constituting 10% and 18% of the issued shares of Majwe, respectively.
