S.Africa, Zambia Approve Metorex-Jinchuan Deal
IB Times reported that Jinchuan Group's bid for Metorex (JNB:MEMTX) has been approved by both South Africa and Zambia.
IB Times reported that Jinchuan Group's bid for Metorex (JNB:MEMTX) has been approved by both South Africa and Zambia.
Mining Weekly reported that Metorex (JNB:MEMTX) reported increased cobalt production for the month of September.
Bloomberg reported that Jinchuan's takeover of Metorex (JNB:MEMTX) may be part of its strategy to expand operations in Africa.
China has had a profound influence on the cobalt industry, as increases over recent years are almost exclusively from demand from the country.
Mining Weekly reported that Metorex (JNB:MEMTX) should delist from the Johannesburg Stock Exchange after it is taken over by Jinchuan Group.
Bloomberg reported that Metorex (JNB:MEMTX) is moving quickly to approve a takeover deal with Jinchuan Group.
Business Live reported that the board of Metorex (JNB:MEMTX) recommended an offer by Jinchaun group to buy the company.
Mining Review reported that Vale (NYSE:VALE) has backed out of its bid for Metorex (JNB:MEMTX).
Reuters Africa reported that Vale (NYSE:VALE) is not expected to beat Jinchuan Group's bid for Metorex (JNB:MEMTX).
CTV News reported on the battle for Metorex (JNB:MEMTX) between Jinchuan Group and Vale (NYSE:VALE).
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