CAPITAL MARKETS

De Beers forced to extend Ashton bid

SOUTH African diamond cartel De Beers has been forced to extend its takeover over for Argyle diamond joint venture partner Ashton Mining a further two weeks until November 24.

Greg Tubby

De Beers, which increased its original $1.57 per share offer to $2.28 per share to top a rival bid of $1.85 by joint Argyle owner Rio Tinto, is waiting on approval from Australia's Foreign Investment Review...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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