PMEA Blog

In line with relisting of its shares on the ASX today, Indophil Resources NL (Indophil) wishes to
update the market on two important matters. They are:
• The South Cotabato provincial government’s proposal to ban open pit mining; and
• The Indophil sale process, post termination of the offer from Zijin Mining Group Co., Ltd
(Zijin).
SOUTH COTABATO ENVIRONMENT CODE
Further to the […]

ADELAIDE, Australia — China’s biggest gold producer Zijin Mining Group has abandoned a $470 million takeover bid for Australia’s Indophil Resources Ltd. because of a long delay in getting Chinese local government approval for the deal.
Because Zijin is not a Chinese state-owned enterprise, approvals for the 545 million Australian dollar ($470 million) takeover, which was […]

It’s been a case of waiting on a slow boat from China for Melbourne-based Indophil Resources.
China’s Zijin Mining, the country’s biggest gold producer and third biggest copper producer, is keen as mustard to complete its $1.28 a share or $525 million takeover bid for the company.
Read more..

Australia’s Indophil Resources NL recommended to shareholders to accept a AUD 1.28 per share buyout offer from Zijin Mining Group and said that the firm’s biggest owner would also accept the offer.
It added that the offer would remove uncertainties and risk associated with the development of the Tampakan project, a copper and gold exploration in […]

Copper and gold mining exploration company Indophil Resources NL (ASX:IRN) has announced a resource upgrade at the Tampakan Copper Gold Project in the Southern Philippines.
The company has upgraded the mineral resource by 8 per cent from 2.2 billion tonnes to 2.4 billion tonnes, and increased the measured tonnes by 25 per cent up from 620 […]

BY EMILY SOBEY
23/07/2009 12:38:00 AM
SPECULATION surrounds the sale of Ballarat Goldfields, with former mine managing director Richard Laufmann believed to be a contender.
It is rumoured Mr Laufmann could buy the operation with Philippines-based Indophil Resources, of which he is now managing director.
Read more..

By Edwin G. Espejo
Contributor
GENERAL SANTOS CITY — The bid war to wrest control over the 34.5 per cent stake of Australian-based Indophil Resources NL at Sagittarius Mines Inc. (SMI) took a new twist as a new consortium upped its bid statement to outmaneuver Anglo-Swiss owned Xstrata Copper.
XStrata PLC, which owns Australia-based Xstrata Copper, earlier tendered […]

From: www.mindanews.com
GENERAL SANTOS CITY (MindaNews/23 August) — The bid war to wrest control over the 34.5 per cent stake of Australian-based Indophil Resources NL at Sagittarius Mines Inc. (SMI) took a new twist last week as a new consortium upped its bid statement to outmaneuver Anglo-Swiss owned Xstrata Copper. XStrata Plc, which owns Australia-based Xstrata […]

From: business.theage.com.au
Xstrata, the world’s fourth-largest copper producer, has abandoned a $545 million bid for Indophil Resources, yielding to a management buyout group that sweetened its rival offer.
Read More

From: www.bloomberg.com
By Jesse Riseborough and Luzi Ann Javier
July 21 (Bloomberg) — Suspected Communist rebels attacked Xstrata Plc’s $3 billion Tampakan mine in the Philippines, which may be Southeast Asia’s largest untapped copper deposit, according to the military and project partner Indophil Resources NL.
The group burned a drill rig and police are investigating, the Melbourne-based company […]