Central Asia Metals plc has withdrawn its offer for New World Resources Ltd after rival Kinterra Capital GP Corp submitted a higher bid. BREAK FEE Central Asia today said that Kinterra’s offer of A$0.066 per NWR share “may reasonably lead to a superior proposal”. “After careful consideration, the board of CAML has decided not to […]
Tag: Central Asia Metals (CAML)
Central’s higher offer for NWR matched by rival
Central Asia Metals plc’s increased offer to buy USA-focused New World Resources Ltd for A$0.062 per NWR share has been matched by its rival and NWR’s largest shareholder. SUBSCRIPTION NWR holds the Antler copper project in Arizona which it describes as “one of the highest-grade emerging copper development projects in the world”. In the third […]
Central buys 253m shares in target acquisition
Central Asia Metals plc today bought more shares in its planned acquisition New World Resources Ltd and again increased its offer for the remainder. RIVAL The company acquired a total of 253,018,511 shares in NWR via off-market trades, representing approximately 7.1% of its issued capital, at $0.062 per NWR share. Central also proposes to increase […]
Central Asia publishes 2024 sustainability report
Central Asia Metals plc has published its 2024 sustainability report, its sixth standalone report, for the Kounrad copper operation in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. EMISSIONS The company said that the report was prepared in accordance with the Global Reporting Initiative (GRI) Standards and conforms to the Global Industry Standard on […]
CAML plans exploration with $57m and new licence
Central Asia Metals plc (CAML) ended 2023 with $57.2 million cash and growth plans with a new mid-scale copper exploration licence in Kazakhstan. EXPLORATION The company formed a new subsidiary CAML Exploration in an arrangement with a team from Terra Exploration. “Potential target areas have been reviewed and remain under review, and currently one exploration […]
CAML starts cleaning river of Sasa tailings
Central Asia Metals plc said it had started to clean the Kamenka River following a leakage from the tailings storage of it Sasa zinc-lead mine in North Macedonia. The leak occurred on 14 September 2020 at the Sasa Tailings Storage Facility 4 (TSF4) and clean-up operations began in late October. The company added that the […]