Obtala Resources, which still owns majority stakes in Paragon Diamonds and Bushveld Minerals, is moving to re-position the company as an Africa-focused agribusiness and timber focused business. Obtala has agreed with a local partner in Tanzania to establish an operating, management and marketing company to grow, dry, and market fruit. The company has acquired 617 hectares of agricultural land in Tanzania with 1,500 fruit-bearing mango trees. The company plans to plant out a significant orchard utilizing modern farming practices and irrigation systems to produce value added products for both local and export markets.
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