CAPITAL MARKETS

Nucoal team floats new explorer

BERMUDA-based, South Africa-focused coal explorer Ikwezi Mining has listed on the Australian Securities Exchange at a 7.5% premium to its A20c issue price after raising $30 million in its initial public offering.

Kristie Batten
Nucoal team floats new explorer

More than 9.3 million shares in the company changed hands, driving prices to an intraday high of 22c before closing at 21.5c. Ikwezi was formed in May this year and acquired its projects from Belvedere...

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