https://www.engineeringnews.co.za

Bushveld increases stake in Lemur Resources

Fortune Mojapelo

Fortune Mojapelo

21st August 2014

By: Creamer Media Reporter

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Bushveld Minerals has increased its stake in ASX-listed Lemur Resources to 57.21%.

The company has agreed to acquire a further 10-million shares in Lemur from vendors, including Azure Resources Fund, in exchange for 8-million new ordinary shares in Bushveld.

Bushveld previously held a 52.22% interest in Lemur.

“We are pleased that, with this acquisition, Bushveld is strengthening its majority interest in Lemur, further aligning the interests of Lemur and the company as we continue to build the Bushveld Minerals Group's diversified portfolio of commodity-focused platforms,” commented Bushveld CEO Fortune Mojapelo.

Lemur is a coal exploration company with interests in Madagascar.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

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:0.069 0.124s - 156pq - 2rq
Subscribe Now