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Kiri Industries’ subsidiary acquires 40% stake in Makilala Mining for USD 5,010,000
09-Sep-2026, 09:41

Kiri Industries Limited announced that its wholly-owned subsidiary, Equinaire Holdings Limited, has been declared the successful bidder in a public auction for 20,000,000 shares, representing 40% of the outstanding capital stock, of Makilala Mining Company, Inc. for a consideration of USD 5,010,000.00, as part of the enforcement of security rights under an Omnibus Loan and Security Agreement, with the acquisition aligning with Kiri Industries' strategy to secure a stable, long-term supply of copper concentrate.