21
Mar
Martin Endjala Katoro Gold Plc announced that it is withdrawing from investment projects in Namibia and South Africa, due to unfavourable local ownership limitations and a strategic shift towards higher-value ventures. Given the challenges encountered in obtaining evidence of ownership title for the Namibian project, Katoro Gold Plc’s Chief Executive Officer, Louis Coetzee said they have determined that it is prudent to cease further investment in this venture. This comes after Katoro entered into a binding conditional agreement with Trans Namibian Mining and Minerals (Pty) Ltd in 2022, to establish a 50-50 unincorporated joint venture. The joint venture aimed to…