Chinese firm offers to buy SA gold miner

Johannesburg - Unlisted Chinese asset manager Heaven-Sent has offered to buy junior South African gold producer Village Main Reef, the companies said on Wednesday, in a deal that values the target at R637m.

The offer is for R12.25 per share, a 14.5% premium on the company's closing price on Tuesday. Chinese investment directly into the South African precious metals space remains relatively rare.