{"id":126902,"title":"Marula Mining to Acquire 100% Stake in Takela Mining Tanzania","publisher":"Share Talk","author":"sharetalk","published":"2025-09-10T07:29:11+00:00","modified":"2025-09-10T07:29:11+00:00","canonical_url":"https://www.share-talk.com/marula-mining-to-acquire-100-stake-in-takela-mining-tanzania/","markdown_url":"https://www.share-talk.com/marula-mining-to-acquire-100-stake-in-takela-mining-tanzania.md","json_url":"https://www.share-talk.com/marula-mining-to-acquire-100-stake-in-takela-mining-tanzania.json","category":"Mining","categories":["Mining"],"tags":["Africa","AQUIS Stock Exchange","COPPER","geological","Jason Brewer","Johannesburg Stock Exchange","Kenya","Kinusi","London Stock Exchange","mapping","MARU","Marula Mining","Mineralisation","Mining","Nairobi","Nkwomba Hill Niobium","Project","rare earth element","Richard Lloyd","Share Talk","South Africa","survey","Takela","Tantalum","Tanzania","Tanzanian","wind turbines"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/09/maru-1st-sep.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Marula Mining PLC](https://www.investegate.co.uk/announcement/rns/marula-mining-plc--maru/acquisition-of-takela-mining-tanzania-limited/9098565) has announced an agreement to acquire **100% of Takela Mining Tanzania Limited (TMTL)**, the company that owns the **Kinusi Copper Mine**, through its wholly owned subsidiary, **MMTL**.\n\nThe deal, valued at **£2,500,000**, will be structured in three instalments:\n\n-\n**£500,000** upon signing the share sale agreement\n\n-\n**£750,000** upon the conversion of primary licenses into a full mining license\n\n-\n**£1,250,000** once commercial sales exceed **10,000 tonnes**\n\nTakela shareholders will have the option to receive payment in cash or in **new Marula Mining shares**, priced at **10 pence per share**.\n\nIn addition, Takela shareholders will benefit from a **1.5% net smelter royalty (NSR)** on the **gross sales** generated from the Kinusi Mine.\n\nAs part of Tanzanian mining regulations, the **Government of Tanzania** will retain a **16% free carried interest** in the project.\n\nThis acquisition marks a significant step in Marula Mining’s strategy to expand its copper production footprint in East Africa.\n\n**Chris Attwood, General Manager of Operations for East Africa for Marula Mining, said:**\n\n“My recent site visit, accompanied by our Chairman Richard Lloyd, and Head of Exploration Collins Asseto, was my first to the Kinusi Mine and I am excited by the potential that I have seen and the opportunity to expand the operations to generate returns for the Company and its shareholders.\n\n“Acquiring 100% ownership of Takela and the Kinusi Mine is a key strategic step that will allow the Company to progress our development plans and streamline operations.\n\n“The licence consolidation will also enhance our operational efficiency.“"}