CORPORATE ACTIVITY

Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Newmont shareholders vote in favour of the US major’s $10-billion takeover of Canadian miner Goldcorp at a general meeting next month. ISS said on Tuesday that a vote for…

Rare earths miner Lynas went into a trading halt on Tuesday after fellow-listed Wesfarmers launched a A$2.25c a share cash offer for the company.

The A$1.5-billion cash bid offered a premium of 44.7% to Lynas’ last closing price, and a 36.4% premium t…

US-based gold miner Newmont has won over the shareholders that were critical of its merger with Canada-based Goldcorp, with a promise of a $0.88c a share special dividend should the $10-billion transaction succeeds.

The special dividend will give shar…

As criticism mounts over Newmont’s merger with Goldcorp, the US-based gold major on Monday promised its shareholders a special dividend of $0.88 a share should they approve the $10-billion transaction at a meeting next month.

CEO Gary Goldberg said th…

ASX-listed Jupiter Mines on Monday said that it reviewing its ‘strategic options’ for its Central Yilgarn iron-ore assets, given the current iron-ore market and the drive towards higher-grade ore feeds.

Jupiter has appointed Hartleys as corporate advi…

Paulson & Co isn’t the only Newmont Mining shareholder that’s expressing concerns over the terms of the gold miner’s $10-billion purchase of Goldcorp.

“I think Paulson has a valid point,” said Joe Foster, a portfolio manager at VanEck – one of the…

ASX-listed junior Galena Mining will raise A$10-million through a subscription agreement with Kingfisher Capital.

Kingfisher Capital would invest the funds over two tranches of A$5-million each, subscribing for shares priced at 40c each. On the comple…

Paulson & Co Inc will not support Newmont Mining’s planned $10-billion takeover of rival Goldcorp Inc as the premium offered is unjustified, the investor said in a letter on Thursday.

The transaction is dilutive to Newmont shareholders and only Go…

Construction major Aveng has appointed Jerome Govender MD for Moolmans – Aveng’s mining arm and one of the company’s two core businesses – effective April 1.

Aveng executive chairperson Eric Diack says Govender has the necessary skills and 25 years o…

Takeover target Alto Metals has revealed that its major shareholders, holding a combined 32.12% of the company, would not accept a takeover offer from fellow-listed Middle Island.

Middle Island at the start of March revealed a proposed all-script take…