$KZG.L

Kazera Global Unit Secures Mining Right Over New Sea Concession in South Africa

Kazera Global (KZG.L) said Wednesday its subsidiary Whale Head Minerals secured the mining right over Sea Concession 2A in the Northern Cape in South Africa.The mining right, which was approved by the South African Department of Mineral Resources and Energy, allows the investment company's unit to exclusively mine heavy minerals in the area.Upon formal execution of the right, Kazera's partner, South Africa AT Investments, will make a $1.8 million payment to Whale Head Minerals and expand joint operations into the new concession.