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Tin Explorers

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Kasbah deal falls through

Post By: Peter Kettle on Tuesday, 13 December 2016

The planned acquisition of Kasbah Resources, 75% owners of the Achmmach tin project in Morocco, by Asian Mineral Resources (AMR) has failed.

The Federal Court of Australia yesterday dismissed Kasbah's application for approval of the deal, and ordered that it paid the costs of rebel shareholders who had opposed it. Kasbah's shareholder list includes the World Bank (IFC), African Lion Group, Thaisarco and Traxys and the acquisition had initially been approved by a 92% majority. However the accounting firm...

Kamativi redevelopment hopes rise

Post By: Tom Mulqueen on Wednesday, 07 December 2016

Chinese investor, Beijing Pinchang Investments, has settled a dispute with the Zimbabwe Mining Development Corporation (ZMDC) and is set to take a 49% ownership stake in the defunct Kamativi tin mine in Zimbabwe's Matabeleland north province in return for contributing over $US100 million for the redevelopment of the mine.

It was reported in October this year that the deal had collapsed after the ZMBC expressed dissatisfaction with the Chinese investor. Local news sources reported comments from Zimbabwean minister, Walter...

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