• Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

  • SA versus Cuba

    Cuba’s successes are worth a good look with the aim of emulating them, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Anglo, Rio Tinto sell stakes in Palabora

Dec 11 2012 15:17
Reuters

Johannesburg - South African copper miner Palabora Mining Company [JSE:PAM] said on Tuesday a consortium of South African and Chinese parastatals would buy a 74.5% stake in it from Rio Tinto and Anglo American [JSE:AGL].

South Africa's Industrial Development Corporation and three Chinese firm will pay R110 per share for the stake, Palabora said.

The deal values the copper miner at R5.3bn. The company's share price was up nearly 11% on the news.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

Assore to get new CEO

2016-12-06 12:24

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...