https://www.miningweekly.com

SolGold rejects approach from Jiangxi Copper

SolGold's Cascabel asset in Ecuador

SolGold's Cascabel asset in Ecuador

1st December 2025

By: Creamer Media Reporter

     

Font size: - +

Ecuador-focused SolGold on Friday revealed that it had rejected a fresh non-binding takeover proposal from Jiangxi Copper Company (JCC), after the Chinese group approached the company with a preliminary and conditional cash offer of 26p a share.

The proposal, received on November 28, follows an earlier non-binding approach from JCC that SolGold’s board unanimously rejected on November 23.

SolGold said its board, after consulting advisers, had again unanimously decided to reject the latest proposal and continued to “remain confident in SolGold’s standalone prospects”.

The company advised shareholders to take no action. JCC now has until 17:00 London time on December 26 to either announce a firm intention to make an offer under UK takeover rules or confirm it does not intend to proceed.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (05/06/2026)
5th June 2026 By: Martin Creamer
Photo of Martin Creamer
New cadastre, Sam Molefi, PyroFuZA make headlines
5th June 2026
Magazine round up | 05 June 2026
Magazine round up | 05 June 2026
5th June 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.075s - 114pq - 2rq
Subscribe Now