Exxaro Bid Leaked Early

Mining Weekly reported Exxaro’s (FWB:LCQ)  offer for African Iron (ASX:AKI) is one of the worst kept secrets on the ASX.

As quoted in the market news:

What was relevant, however, was that, in finally officially announcing its R3-billion (A$338-million) cash takeover offer of African Iron with such positivity, South Africa’s black-controlled diversified mining company certainly helped to put the Republic of Congo (RoC) on the map as a new African iron-ore development frontier.

Click here to read the full Mining Weekly report.