Medu II

Medu II has been formed to make privately negotiated equity and equity-related investments.

Medu II had its final closing in May 2008. The fund has capital commitments of  R900 million.

Vergenoeg Mining Company

Date of investment: August 2009

Shareholding
Medu II 15%
Minersa 85%
Medu Capital Board Representatives Ernest January
  Siyabonga Nhlumayo

Business description

  • Vergenoeg Mining Company is South Africa’s largest producer of fluorspar