Anglo African Capital Limited entered into an agreement to acquire 63.5% stake in Delta Mining Consolidated Ltd. from Sable Mining Africa Limited (DB:B3D) for $19.9 million on May 26, 2014. Under the terms, Anglo African Capital Limited will pay $1.28 million in cash and $18.6 million loan notes which will be repayable repaid on over a number of years based on priority quasi royalty basis from the project operations. Delta Mining Consolidated Ltd. reported operating loss of 43.26 million at the year ended December 31, 2013. Transaction is subject to approval of South African Ministry of Mines and Reserve Bank and others. Transaction will receive an immediate cash injection, whilst the renegotiated debt repayment terms will provide additional upside on a quasi-royalty basis, without further expenditure being required for Sable Mining Africa Limited.

Anglo African Capital Limited completed the acquisition of 63.5% stake in Delta Mining Consolidated Ltd. from Sable Mining Africa Limited (DB:B3D) on August 27, 2015.