Miner ENRC mulls carving off international assets

ENRC, one of the largest London-listed mining groups, is considering options to boost its value that include a possible split of its international arm, comprising its mines in the Democratic Republic of Congo, from its core Kazakh assets....

Daily podcast – December 10, 2009

Vulisango will make its second formal call for an EGM of the shareholders of Simmer & Jack as soon as possible; and the body of the missing miner at Driefontein mine has been recovered.

Kazakhstan to swap shares in Eurasian for Kazakhmys stake

LSE-listed miner Kazakhmys has agreed to buy a 7,66% stake in fellow Kazakh miner Eurasian Natural Resources (ENRC) from the government of Kazakhstan, in exchange for 15% of Kazakhmys, the company said on Tuesday. The exchange ratio will be 1...

Eurasian puts Kazakhmys bid plans on ice

LSE-listed Eurasian Natural Resources (ENRC) has decided not to make an offer for fellow Kazakh miner Kazakhmys “at the current time”, the firm said in a statement on Tuesday.

Kazakhmys rejects Eurasian proposal

Copper producer Kazakhmys has rejected a proposal from LSE-listed Eurasian Natural Resources (ENRC), the firm said on Friday.

UK panel sets May 16 deadline for Eurasian to announce Kazakhmys offer

LSE-listed Eurasian Natural Resources (ENRC) must either announce a “firm intention” to make an offer for fellow Kazakh miner Kazakhmys by May 16 or walk away for six months, the UK Takeover Panel has ruled.

Kazakhmys asks for 'put-up or shut-up' deadline on Eurasian bid

LSE-listed copper producer Kazakhmys has asked the UK Takeover Panel to set a deadline by which fellow Kazakh miner Eurasian Natural Resources (ENRC) must either announce its “firm intention” to make an offer for the company or walk...

Kazakh govt wants stake in Kazakhmys

LSE-listed copper producer Kazakhmys has held preliminary talks with the government of Kazakhstan, including the possibility of the government taking a minority stake in the company in exchange for natural resource assets in the country, the firm...

Kazakhmys has not received takeover proposal

LSE-listed copper producer Kazakhmys had noted an announcement by Eurasian Natural Resources that it was considering a takeover bid for the company, but had not received any proposals, the Kazakhstan-focused miner said on Thursday.

Eurasian Natural Resources considers merger with Kazakhmys

LSE-listed Eurasian Natural Resources, which mines and processes ferroalloys, iron ore, bauxite and manganese in Kazakhstan, may offer to buy rival Kazakhmys, the company said on Wednesday.

Kazakh copper mine ramps up production after flooding

LSE-listed copper producer Kazakhmys expects production at its South mine, in Kazakhstan, to return to normal levels by the end of the year, after a flood at the operation halted the transportation of extracted ore from the mining horizons.

Gem Diamonds appoints nonexecutive director

LSE-listed Gem Diamonds has appointed Lord Renwick of Clifton as a nonexecutive director of the company, with effect from September 24.