Dundee Precious Metals to acquire Tsumeb Smelter from Sinomine for $49m.

Dundee Precious Metals, a Canadian-based international gold mining company, agreed to acquire Tsumeb Smelter from Sinomine, a mining services provider, for $49m. “We are pleased to announce the sale of the Tsumeb smelter, which is consistent with our strategic objective of focusing on our gold mining assets and simplifying our portfolio going forward. We are extremely proud of the investments that we have made to transform Tsumeb’s operational and environmental performance into a specialized custom smelter with a highly skilled workforce,” David Rae, Dundee Precious Metals President and CEO.