PADENGA Holdings (Padenga) has this year set aside US$17 million for exploration activities at its subsidiary, Dallaglio Investments, as it moves to commercialise some of its untapped mineral assets.Advertisements The move comes as mining operations, anchored by Eureka Mine and Pickstone Peerless Mine, now dominate the group’s earnings, contributing 94,4 percent of total revenue, while…
Padenga invests US$17 million in exploration
The concern is that this convergence is not being driven by lawful process, but by greed, control and the desire to capture economic flows from a long-standing mining operation.