Extract from Fin;
The largest shareholder in Cape Lambert is African Minerals with a 18.7 per cent stake. Cape Lambert’s managing director, Tony Sage, owns a 6.4 per cent stake in the company.
On Friday, African Minerals said it was in “advanced discussions” to secure financing for its Tonokili project, including refinancing an existing $417 million secured loan facility with bank debt on “improved and less restrictive terms”.
However, it made no mention of a potential sale of its stake in Cape Lambert.
significant secondary sale of its shares, page-14
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