https://www.engineeringnews.co.za

Zijin bids for Norton Gold Fields

14th January 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed gold miner Norton Gold Fields has received a takeover offer from its major shareholder, Zijin Mining Group.

Zijin was proposing to acquire all Norton’s remaining shares in a scheme of arrangement, offering shareholders 20c a share in cash.

Norton appointed a committee comprising its independent directors to consider the proposal.

The gold miner last year acquired the Bullabulling gold project, in Western Australia, through a takeover of fellow-listed Bullabulling gold. The company, in November, also acquired the Mt Jewell project, from ASX-listed KalNorth Gold Mines in a deal worth A$1.8-million.

Shares traded at a high of 18.5c apiece on Wednesday, up 28% from the previous closing price of 14.5c a share.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

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:0.073 1.025s - 140pq - 2rq
Subscribe Now