Mining News

Aveng narrows offshore listing focus to Australia and Singapore

JSE-listed infrastructure and contract mining group Aveng has reaffirmed its plans to seek an international listing and also confirmed on Tuesday that it had narrowed its offshore listing focuses to bourses in Singapore and Australia. CEO Sean Flanagan justified the group’s foreign listing ambitions on the basis that a significant portion of the combined revenue of McConnell Dowell and Moolmans, its two remaining core businesses, were derived from outside of South Africa.

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