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)
- Industry
- Industrial Services
- Location
- Republic of the Congo
- Transaction Type
- Buyout
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