Media Room

Azumah backs higher bid from Ibaera

The directors of takeover Azumah Resources has supported an increased offer from suitor Ibaera Capital, which has increased its offer from 2.8c a share to 3.3c a share.

Azumah on Monday said that the increased offer represented a 136% premium to the company’s closing price prior to the announcement of the offer, and an 18% premium to the initial offer.

Samarco plans restart in 2020

The Brazilian joint venture (JV) between majors BHP and Vale, Samarco, has been given all the necessary environmental licenses to restart its operations in the state of Minas Gerais.

The Samarco operations were suspended in November 2015 after the collapse of a tailings dam, claiming the lives of 19 people and displacing numerous others.