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Cardinal Resources

Cardinal Resources amends bid implementation agreement with Shandong Gold

Gold explorer Cardinal Resources has entered into a deed with Shandong Gold Mining to amend the bid implementation agreement, following its all-cash takeover bid on 18 June.

Sibanye-Stillwater shareholders vote in favour of Lonmin deal

Sibanye-Stillwater shareholders have voted in overwhelming favour of acquiring the entire issued and to be issued ordinary share capital of Lonmin.
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Nevsun Resources recommends Zijin Mining takeover to shareholders

In its directors’ circular to shareholders, Nevsun Resources recommended its shareholders tender their shares to Zijin Mining Group following a friendly take-over bid by Zijin earlier this month.

Ichorcoal will not extend cash offer for Universal Coal

IchorCoal notified the Australian Stock Exchange last week it will not extend its cash takeover offer for ASX-listed South African coal miner Universal Coal, which expires on 5 February 2016. On 30 September 2015, IchorCoal...

Aquarius Platinum shareholders approve Sibanye takeover

The shareholders of Aquarius Platinum have approved the proposed deal by Sibanye Gold in October 2015 to acquire all of the shares in Aquarius for US$0.195 per share. The implementation of the Aquarius transaction however...

Competition Commission approves CoAL merger with Universal Coal

The Competition Commission of South Africa has unconditionally approved the merger between triple-listed Coal of Africa (CoAL) and South African coal miner Universal Coal. This follows CoAL’s announcement on 26 November 2015 that it had offered A$126.4...

CoAL secures funding for Universal Coal takeover

JSE-listed Coal of Africa (CoAL) has secured US$3 million through a subscription agreement with M&G Investment Management, which it needs for the Universal Coal takeover. This follows CoAL’s announcement on 26 November 2015 that it had offered...

CoAL revealed as Universal Coal takeover suitor

South African coal miner Universal Coal on Thursday revealed that Coal of Africa (CoAL) is the rival suitor bidding against IchorCoal. In its takeover offer, CoAL has offered A$126.4 million to acquire the entire issued and...

Universal Coal reiterates ‘take no action’ request, opens data room for rival bids

South African coal miner Universal Coal reiterated its take no action advisory to its shareholders on Thursday after IchorCoal tabled its takeover offer the previous day. IchorCoal, which already owns 29.9% of Universal Coal's issued...

IchorCoal makes its offer to Universal Coal shareholders

Following initial bid delays, IchorCoal on Wednesday provided its offer document in relation to its cash offer for the entire issued and to be issued share capital of ASX-listed South African coal miner Universal Coal. On...