Business Update28 Apr 2026, 05:11 pm
PCJ Mining SARL secures gold mining license in Chad
AI Summary
PC Jeweller Ltd's step-down subsidiary, PCJ Mining SARL, incorporated in the Republic of Chad for precious metal extraction, has been granted a license for semi-mechanized artisanal gold mining. The Ministry of Petroleum, Mining and Oil Geology, Republic of Chad, issued the license for a period of one year, with provisions for renewal. This development offers the PC Jeweller Group an opportunity to explore mining operations and potentially establish vertical integration prospects within its business.
Key Highlights
- PCJ Mining SARL, a step-down subsidiary, received a gold mining license.
- The license is for semi-mechanized artisanal mining in Chad.
- It is valid for one year and is renewable.
- The Group aims to explore mining and vertical integration prospects.