12th Jan 2026 07:52
Shuka Minerals PLC - Africa-focused mine operator and developer - Says it shortly expects to receive GBP815,000 from African-focused investment banking and corporate finance group, Gathoni Muchai Investments Ltd. Notes that it received a copy of a payment transfer instruction on Monday, as it awaits the balance of a loan from Gathoni Muchai.
Shuka requires this balance to satisfy the USD1.4 million consideration to acquire Leopard Exploration & Mining Ltd in Zambia. Early in July last year, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya.
Current stock price in Johannesburg: ZAR1.45, up 0.7% on Monday
12-month change: listed on JSE in May 2025
Stock price in London: 6.50 pence, up 13% on Monday
12-month change: up 24%
By Artwell Dlamini, Alliance News senior reporter South Africa
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Shuka Minerals PLC