VANCOUVER, BC, Sept. 16, 2026 /CNW/ -- Terra Group, headquartered in the United Arab Emirates, is pleased to announce the acquisition of full ownership of Pan African Mining Corporation (PAMC), a British Columbia, Canada-based mining company with a long-standing presence in Madagascar.
PAMC is the parent company of subsidiaries PAMM, PAMA, and PAMS, which own mining assets in Madagascar, primarily focused on gold and coal.
The Board of Directors of Terra Group commented: "We are pleased to have completed the acquisition of Pan African Mining Corporation. This is an important milestone for Terra Group and provides a strong platform for the development of our natural resources portfolio in Madagascar. Through our investment program, we look forward to advancing these assets toward production and establishing sustainable, long-term mining operations."
The acquisition marks a significant milestone in Terra Group's strategy to expand its presence in the natural resources sector and develop high-potential mining assets in Madagascar.
As part of its commitment to the acquisition, Terra Group will invest to advance the development of PAMC's mining portfolio. The investment program is intended to support the progression of the assets toward production, following which PAMM, PAMA, and PAMS will undertake the operation of their respective mining assets.
Terra Group is committed to the responsible and sustainable development of these resources and will work closely with local stakeholders, business partners, and relevant authorities throughout the development and operational phases.
The acquisition and investment program reflect Terra Group's long-term commitment to the development of Madagascar's mining sector and to creating sustainable value from its natural resource assets.
About Terra Group
Terra Group is a mining, energy and natural resources group focused on the acquisition, development, and operation of mineral assets across Africa. The Group maintains a diversified portfolio spanning multiple commodities, with assets and mining interests in Zimbabwe and Madagascar, and a strategy focused on further expansion across the Southern African region.
Established and headquartered in the United Arab Emirates, Terra Group pursues a disciplined strategy of identifying and developing high-potential, cost-efficient mining projects.
Combining financial capacity with technical and operational expertise, Terra Group advances projects across the full mining lifecycle, from acquisition and geological assessment through development and operation. The Group is focused on developing its growing portfolio of mineral assets and realizing their long-term potential through disciplined investment, geological exploration, and responsible mine development.
Across its operations, Terra Group is committed to responsible resource development, rigorous mine planning, and sustainable long-term value creation for its stakeholders and the communities in which it operates.
This release contains forward-looking statements regarding future investment and development plans, which may evolve over time.
SOURCE Terra Mining
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