Toho Zinc proposes to acquire all remaining share of Australian mining company, CBH Resources, of which Toho Zinc has 24.1% share, announced on Wednesday. Toho Zinc already got support by board of CBH Resources for the attempt. Toho Zinc launches the acquisition when implementation of agreement is finalized. Toho Zinc aimed to increase the interest up to 49.9%. However, the firm changed the course when Belgian company, Nyrstar offered buyout for CBH Resources.
Toho Zinc pays 24 Australian cents for each share of CBH resources excluding the own 24.1% share The price is around 17% higher than the stock price on April 22 and around 23% higher than Nyrstar’s offer. Toho Zinc pays 1,000 Australian dollars or at face value for each convertible bond issued by CBH Resources. CBH Resources produces around 60,000 tonnes of zinc concentrate per year and Toho Zinc purchases all of the products.| M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
