mineral resources

Mineral Resources Roundup - May 13, 2008

By SRI ⋅ May 13, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

Kazakhmys: ENRC had been considering ‘low ball’ informal approach for weeks, may walk away

(Financial Times/dealReporter) - A source familiar with ENRC’s thinking said he thought it was now likely to walk away. It would look strange if the company was able to make an increased firm offer within a week, the source said. ENRC held a board meeting this week at which numerous possible M&A transactions and capital expenditure projects were discussed. A follow-up board meeting will be held in the first half of next week, said the source…

Low ENRC bid for Kazakhmys was tactic - analysts

(Reuters) - Mining group ENRC’s takeover bid last week for Kazakh rival Kazakhmys, below the market value of the firm and certain to be rejected, was a bargaining tactic, analysts said…

Hambledon mining exports first gold from Sekisovskoye plant

(Bloomberg) - Hambledon Mining Plc, a producer of precious metals in Kazakhstan, exported gold for the first time from its Sekisovskoye processing plant…

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