Mantengu Mining Limited (“Mantengu”) was historically called Mine Restoration Investments Limited (“MRI”) but undertook a name change in December 2021 to reset the foundation for its future vision. 

Mantengu was historically an environmental services company which focused on the abatement of environmental impacts of the mining industry, whilst striving to deliver sustainable returns to its shareholders. It developed two core areas of expertise being coal fines processing and acid mine drainage. The Mantengu Board took the decision to write off these investments because of various operational, legislative and environmental challenges which ultimately resulted in the collapse of the operations. Since the investments were written off, the Mantengu Board focused on bolstering and updating its compliance in order to get Mantengu into a position to attract suitable funders and investment opportunities. In a bid to simplify and flatten the group structure, the Mantengu Board took the decision to sell the dormant subsidiary companies on 28 February 2021.

Mantengu entered into a share purchase agreement to acquire 100% of the ordinary share capital of Langpan Mining Co (Pty) Ltd (“Langpan”). The transaction will result in Langpan’s reverse takeover of Mantengu. Langpan mines and processes chrome ore to form Chrome concentrate, with a by-product having a high concentration of Platinum Group Metals (“PGM’s”). Langpan owns the plant and machinery and indirectly controls the Chrome and PGM mining rights. Langpan obtained the Section 11 consent in December 2021. 

Mantengu believes that the acquisition of Langpan provides Mantengu with a unique opportunity to play an instrumental role in the transformation of the mining sector. In order to support this bold mandate and to negate MRI’s historical challenges, the Board believes that a name change will go a long way to providing the platform for growth.