ManganExx (Pty) Ltd, ultimately controlled by Exxaro Resources Limited and Ntsimbintle Mining (Pty) Ltd, Ntsimbintle Marketing and Trading Private Limited and Mokala Manganese (Pty) Ltd
The Competition Tribunal (“Tribunal”) has approved the merger in which ManganExx (Pty) Ltd (“ManganExx”), ultimately controlled by Exxaro Resources Ltd (“Exxaro”), will acquire:
- Ntsimbintle Mining (Pty) Ltd (“Ntsimbintle Mining”) from Ntsimbintle Holdings (Pty) Ltd (“Ntsimbintle Holdings”) and OMH (Mauritius) Corp;
- Ntsimbintle Marketing and Trading Private Ltd (“Ntsimbintle Marketing”) from Ntsimbintle Holdings and;
- shareholding in Mokala Manganese (Pty) Ltd (“Mokala”) from Ntsimbintle Holdings.
The Tribunal has approved the merger subject to information exchange conditions. Following the merger’s implementation, the target firms will be controlled by ManganExx.
ManganExx is a newly established, wholly owned Exxaro subsidiary. Exxaro, listed on the JSE, is primarily a coal producer and also holds interests in ferrous (iron) ore and zinc mining and renewable energy.
Ntsimbintle Mining produces and exports manganese ore through its controlling stake in Tshipi e Ntle Manganese Mining (Pty) Ltd, operator of the Tshipi Borwa open-cast mine. Ntsimbintle Marketing, based in Singapore, is the global marketing arm permitted to market Ntsimbintle Holdings’ share of Tshipi’s production. Its South African subsidiary, Ntsimbintle Ukuhweba (Pty) Ltd, sources manganese ore products locally for domestic and export markets. Mokala focuses on the exploration, extraction, sale and shipping of manganese ore from the Mokala Mine, situated in the Northern Cape.
Dimension Data Facilities (Pty) Ltd and Culross Property CO (Pty) Ltd
The Tribunal has unconditionally approved the merger in which Dimension Data Facilities (Pty) Ltd (“Dimension Facilities”) will acquire Culross Property CO (Pty) Ltd (“Culross”). Following the implementation of the merger, Dimension Facilities will exercise sole control over Culross.
The acquiring group (Dimension Facilities, all the firms controlling it and all the firms controlled by those firms) operates in the information and communication technology (“ICT”) services industry. Of relevance to this merger is the acquiring group’s activities relating to data centres which house servers and their accompanying network and storage hardware - and data centre/colocation services which involve selling data centre space.
The target property comprises office property located in Bryanston.