In July 2022, Astoria agreed to invest $5.5 million for a 25.1% stake in International Mining and Dredging Holdings (Pty) Limited (IMDH SA). This group of companies is actively involved in marine and offshore mining and exploration, operating several vessels and associated equipment off the west coast of South Africa and Namibia.

This potential investment complements Astoria’s existing holding in Trans Hex, as both IMDH and Trans Hex conduct alluvial diamond mining activities.

For the year ended 31 December 2021, IMDH SA’s net assets were R158 million and profits were R107.7 million.

International Mining and Dredging Holdings
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Value
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Ownership
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% of Astoria NAV