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...

Territory board backs offer from Noble

The board of ASX-listed Territory Resources on Tuesday told shareholders to accept a higher bid from shareholder Noble, switching its recommendation away from South Africa’s Exxaro Resources. The board of Territory has now recommended that...

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...

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 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 posts A$41m profit on Frances Creek turnaround

Australian iron-ore producer Territory Resources swung back into the black in the 2010 financial year, announcing a A$41,3-million net profit after tax for the 12 months ended June 30. This represented a A$112,7-million turnaround in its...

Territory extends Frances Creek project’s life to 2013

Australian iron-ore producer Territory Resources has extended the life of its Frances Creek project, in the Northern Territory, with a boost in ore reserves. The project now has a life-of-mine until at least the end of 2013, Territory reported on...

Territory extends Frances Creek mine life to 2013

ASX-listed iron-ore miner Territory Resources has extended the life of its Frances Creek iron-ore mine, in the Northern Territory to 2013, with a 50% increase in the ore reserves. A re-optimisation of the existing resource inventory has resulted...

Territory reports record revenue on strong iron-ore prices

Iron-ore producer Territory Resources on Wednesday reported record operating revenue of A$67,3-million for the quarter ended June on the back of high iron-ore lump and fines prices. The miner said in a statement that iron-ore shipments had...

Territory Resources upbeat about iron-ore prices

Iron-ore producer Territory Resources said on Thursday that strong iron-ore spot prices were assisting it in its effort to realise a substantial cash margin on its production. In the company’s interim report for the period ending December,...