CORPORATE ACTIVITY

The shareholders of ELB Group, which was originally listed on the JSE as EL Bateman as long ago as 1930, have been advised that the business forecast for the company’s wholly owned ELB Engineering Services has not materialised, which has placed unsusta…

The shareholders of ELB Group, which was originally listed on the JSE as EL Bateman as long ago as 1930, have been advised that the business forecast for the company’s wholly owned ELB Engineering Services has not materialised, which has placed unsusta…

Junior Blackstone Minerals has inked a share purchase agreement with Korea’s largest nickel-rich cathode materials manufacturer EcoPro, which will result in a A$6.8-million investment into the ASX-listed company.

Under the purchase agreement, EcoPro w…

Takeover target Stanmore Coal has again urged shareholders not to take any action in relation to a takeover offer from suitor Golden Investments, after its shareholding in the company increased from just over 31% to around 51%.

Golden Investment last…

Coal miner Stanmore Coal on Thursday urged shareholder snot to take any action in relation to an on-market takeover offer from shareholder Golden Investment.

Golden Investment has launched a takeover bid for Stanmore, offering shareholders A$1 in cash…

Two independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis and Co have each recommended that shareholders in TSX-listed Excellon Resources approve the proposed acquisition of Otis Gold.

ISS and Glass Lewis said that …

Canadian companies Argonaut Gold and Alio Gold on Monday announced an at-market merger in which Argonaut would buy Alio to create an intermediate miner producing 235 000 gold-equivalent ounces a year.

Alio’s shares would be exchanged on the basis of 0…

South Africa-focused coal miner Universal Coal on Friday announced that it would discontinue its legal proceedings in the High Court of Justice of England and Wales in relation to an unsolicited from fellow-listed TerraCom, after the suitor announced t…

Junior Fe Limited has entered into a sale and purchase agreement with LSX-listed Trident Resources for its Evaston royalty interest, over a portion of the wider Koolyanobbing iron-ore mine, in Western Australia.

The sales price of A$7-million in cash …

ASX-listed Nova Minerals has made a cornerstone investment into fellow-listed Torian Resources that could result in the company holding 19.9% stake in Torian and becoming its largest shareholder.

Nova on Thursday said that it would invest A$413 325 a…