Noble wrapping up acquisition of Territory

Commodities trader Noble has reached a 90.5% ownership of ASX-listed Territory Resources, allowing it to proceed with the compulsory acquisition for the outstanding shares in the iron-ore miner. The board of Territory had backed Noble’s rival...

Exxaro says still keen on iron-ore as it bows out of Territory takeover

South African diversified miner Exxaro Resources said on Thursday that it would not increase or extend its 46c-a-share takeover offer for Australian iron-ore miner Territory Resources. Exxaro, which was trumped by Territory shareholder Noble with...

Exxaro reviewing its options after Noble trumps Territory bid

South African diversified miner Exxaro on Thursday urged Territory Resources shareholders not to take any action on the A$132.6-million offer from Hong Kong-based Noble Group. Exxaro, which is offering A$123-million for Territory, is reviewing...

Exxaro makes A$123m takeover offer for Australian miner to boost iron-ore profile

Territory is the owner and operator of the Frances Creek mine, in the Northern Territory of Australia, which produces between 1,6-million tons and 1,8-million tons a year of direct shipping ore. The company also owns rights to iron-ore tenements...

Master removes gold liquidators, Exxaro bids for iron-ore asset

The Master of the High Court of South Africa has removed Pamodzi Gold liquidators Enver Motala and Gavin Gainsford and South African diversified miner Exxaro has announced a A$123-million takeover offer for Australian iron-ore miner Territory...

Exxaro bids A$123m for Australian miner to boost iron-ore profile

South African diversified miner Exxaro aims to produce ten-million tons a year of iron-ore over the next five to ten years, CEO Sipho Nkosi said on Monday, as the company announced a A$123-million takeover offer for Australia’s Territory...

Territory supports A$123m takeover offer from Exxaro

The board of ASX-listed iron-ore miner Territory Resources has recommended a A$123-million takeover offer from South Africa-based Exxaro, abandoning its $20,7-million debt-to-equity deal with shareholder Noble. On Monday, Territory announced that...

Territory Resources Q2 iron-ore output down 30%

Iron-ore-miner Territory Resources on Monday reported a 30% drop in its second-quarter production, owing to an “intense” wet season, which impacted on operations at its Frances Creek mine. The mine, in the Northern Territory, produced a...

Territory commissions beneficiation plant at Frances Creek

ASX-listed Territory Resources has started the commissioning of its A$4,3-million iron-ore beneficiation plant at the Frances Creek mine. Territory said in a statement on Tuesday that 800 000 t of 51% iron scalp ore have been stockpiled near the...

Territory says shipments, production below forecast

Iron-ore-miner Territory Resources said that its ore production and shipments were below its forecast in the quarter ended September, falling by 14%. The company produced 463 510 t of high-grade lump and fine material from its Frances Creek mine...

Territory looking to extend life of Frances Creek, eyes acquisitions

Australian iron-ore company Territory Resources is looking to extend the operating life of its Frances Creek mine, in the Northern Territory, chairperson Andrew Simpson said on Monday. He said in a copy of a speech delivered at the company’s...

Output of 2,5mt now the target at Frances Creek

Australian iron-ore miner Territory Resources reported on Wednesday that its Frances Creek mine, in the Northern Territory, reached “steady state” production during March, and that it was now seeking to increase output beyond initial...