Gerald Group Awarded 100% of Soremi Investments Ltd; Asserts Control of Soremi Mine

June 30, 2025

Gerald Group says it has been awarded 100% of Soremi Investments Ltd (SIL) and holds an exclusive first right of refusal for 100% of production from Soremi SA, the operator of the Soremi mine in the Republic of the Congo. The group warned that two unauthorised tenders issued by Soremi SA on 6 June 2025 for copper cathodes and zinc ingots are illegal, and said it will pursue remedies to prevent any unauthorised sales while enforcing multiple court orders from the BVI and Hong Kong recognizing Gerald Group's control.

Buyers
Gerald Group
Targets
Soremi Investments Ltd (SIL), Société de Recherche et d'Exploitation Minière (Soremi SA)
Sellers
China National Gold Group Hong Kong Ltd (CNG), China National Gold Group Corporation (CNGG)
Location
Republic of the Congo
Transaction Type
Buyout

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