https://www.engineeringnews.co.za

Jubilee, Platinum Australia merger moves closer to finalisation

19th February 2013

By: Idéle Esterhuizen

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The majority of the transactional documents for the proposed merger between Aim- and JSE-listed Jubilee Platinum and ASX-listed Platinum Australia had been finalized, with the conclusion of the latter company’s creditors’ compromise arrangements expected within three days.

Jubilee indicated that the projected completion date of the merger remained unchanged for mid-May.

Earlier this month, the companies had again extended the heads of agreement (HoA) for the possible merger until February 15.

The parties had agreed to extend the agreement deadline until the implementation agreement for the proposed merger was complete.

The parties initially extended the terms of the HoA to January 28, as the terms for the settlement of embattled platinum miner Platinum Australia’s senior debt were negotiated. This was reported to be complete.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.115 1.699s - 140pq - 2rq
Subscribe Now