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Local coal producer IchorCoal has inked a deal to acquire stricken Continental Coal's key 1.2-million-ton-a-year Vlakvarkfontein and stalled Penumbra mines, both in Mpumalanga, for R128-million.
Ichor's first acquisition was of the Vlakvarkfontein and Penumbra collieries from ASX-listed Continental Coal for R128m in June. According to an Ichor statement Universal is a "highly illiquid stock which has not paid a dividend since its listing on the ASX' and the offer allows shareholders to cash in at an attractive premium.
Under the terms of the deal, IchorCoal would pay R55-million for Continental Coal South Africa's interest in Penumbra, which had a resource of 14-million tons in situ and had produced 500 ...
DGAP-News: ICHOR Coal N.V. / Key word: Acquisition/Investment ICHOR Coal N.V.: IchorCoal to acquire Universal Coal for cash 21.08.2015 / 07:55 ... | August 21, 2015
The shares of IchorCoal N.V. have been included in the Entry Standard. The Entry Standard is not a regulated market (such as the regulated market of the Frankfurt Stock Exchange). The information and basis for liability to investors for their investment decisions is available, is therefore lower. According to the bearer of free trade, the German Stock Exchange, the Entry Standard aimed ...
ICHORCOAL, the German-listed coal company focused on SA and headed by former ArcelorMittal SA CEO Ms Nonkululeko Nyembezi-Heita, has agreed to buy Continental Coal.
International coal producer Ichor Coal intends to make an all-cash offer of A$80-million to acquire the shares in ASX-listed miner Universal Coal that it does not already own. The international ...
Acquisition of Universal Coal Transitioning to a mid-tier coal producer August 2015. This Information Presentation includes forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties, and assumptions about the Company and the business ...
8/21/2015 · Ichor's first acquisition was of the Vlakvarkfontein and Penumbra collieries from ASX-listed Continental Coal for R128m in June. According to an Ichor statement Universal is a "highly illiquid stock which has not paid a dividend since its listing on the ASX' and the offer allows shareholders to cash in at an attractive premium.
ichor coal n.v.: cash offer made by ichorcoal to asx-listed universal coal shareholders by 24hgold 24hgold
Ichor Coal proposes bid to acquire Universal Coal for $58m. Share ...
14 Zeilen · IchorCoal is an international mining company incorporated in the Netherlands with a focus .
| YEAR | ICHOR COAL HISTORY |
|---|---|
| March 2014 | EGM appoints Edwin Eichler, and Remi Grosjean as new members of the Superviso. |
| December 2013 | The Supervisory Board nominates Nonkululeko Nyembezi as CEO and Andries Eng. |
| December 2013 | IchorCoal realigns its strategy and sells its participation in HMS Bergbau AG and its t. |
| September 2013 | Increase of stake in Mbyuelo Coal to 45% |
Ichor Coal not to extend offer to acquire Universal Coal. Share. Srivani Venna ...
A further R73m will be paid for Continental Coal South Africa's 50% shareholding – and 60% economic interest – in Ntshovelo which owns Vlakvarkfontein, an opencast mine that produces 1.2mtpa of coal. IchorCoal intends funding the acquisitions of Penumbra and Ntshovelo through a combination of internal funds and third party funding.
JOHANNESBURG (miningweekly) – Local coal producer IchorCoal has inked a deal to acquire stricken Continental Coal's key 1.2-million-ton-a-year Vlakvarkfontein and stalled Penumbra mines ...
Ichor Coal proposes bid to acquire Universal Coal for $58m. Share ...
re: ichorcoal cash offer to acquire of the shares in universal coal I have had the opportunity to consider the response of the independent directors of Universal Coal Plc ("Universal Coal") dated 20 October 2015 (the "Formal Response") to the cash offer made by Ichor
Local coal producer IchorCoal has inked a deal to acquire stricken Continental Coal's key 1.2-million-ton-a-year Vlakvarkfontein and stalled Penumbra mines, both in Mpumalanga, for R128-million.
JOHANNESBURG (miningweekly) – Local coal producer IchorCoal has inked a deal to acquire stricken Continental Coal's key 1.2-million-ton-a-year Vlakvarkfontein and .
Information on acquisition, funding, investors, and executives for Continental Coal (Penumbra and Vlakvarkfontein Coal Mines). Use the PitchBook Platform to explore the full profile.
Die Aktien von IchorCoal werden an den Börsen Frankfurt, Hamburg und Berlin gehandelt. Unternehmensgeschichte 2011 wurde die IchorCoal N.V. gegründet, im gleichen Jahr ging sie an die Börse. Das Unternehmen begann 2012 eine strategische Partnerschaft mit der südafrikanischen Mbuyelo Group, die zu einer 30-prozentigen Beteiligung an Mbuyelo Coal führte. Das Unternehmen beteiligte .
The prospect of surplus saleable coal from NCC is a welcome one for the company and another sign of progression at the mine which only reached steady state production in H2 2017. Taking into account the Kangala colliery, which began producing run-of-mine coal in April 2014, the company's current total run rate stands at around 4.5Mt of sales ...
South Africa-focused coal miner Universal Coal on Tuesday announced a A$24.5-million investment from Frankfurt-listed IchorCoal. Under the terms of the proposed transaction, IchorCoal - headed by ...
Acquisition of Universal Coal Transitioning to a mid-tier coal producer August 2015. This Information Presentation includes forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties, and assumptions about the Company and the business ...
International coal producer Ichor Coal intends to make an all-cash offer of A$80-million to acquire the shares in ASX-listed miner Universal Coal that it does not already own. The international ...
Information on stock, financials, earnings, subsidiaries, investors, and executives for IchorCoal. Use the PitchBook Platform to explore the full profile.
ICHOR Coal N.V.: Vunene - a subsidiary of IchorCoal - signs long term Coal Supply Agreement (CSA) with South African Electricity Utility Eskom DGAP-News: ICHOR Coal N.V. / Schlagwort(e):
IchorCoal: Ichor Coal NV : to Acquire Penumbra and Vlakvarkfontein Coal Mines from Continental Coal (4-traders) Deal Type: Asset Transaction Deal Country: South Africa Deal Status: Announced Deal Value: 10.1568 USD Deal in Brief Ichor Coal N.V., a German mineral resource company, has agreed to acquire Penumbra and Vlakvarkfontein coal mines in Mpumalanga from Continental Coal .
IchorCoal to acquire Universal Coal for cash - IchorCoal has announced its intention to make an offer for cash to acquire Universal Coal - The offer price of A$0.16 per share values Universal Coal at approximately A$80 million - Transaction results in a material expansion of IchorCoal's attributable production and resource base - The offer will be funded through a fully underwritten capital ...
IchorCoal will hold an 18.51% interest in the ordinary share capital of Universal Coal. If IchorCoal were to convert the Preferred Shares into Ordinary Shares, IchorCoal would be interested in 151,660,000 Ordinary Shares representing approximately 29.99% of the then enlarged issued Ordinary Share capital (assuming no other changes in the capital of Universal Coal in the meantime). Under ...
