Kumba moves for Ticor

MAJOR South African mining outfit Kumba Resource is proposing a $202 million buy out of the minority interests in Australian mineral sands miner Ticor that it doesn’t already hold.

Kumba moves for Ticor Kumba moves for Ticor Kumba moves for Ticor Kumba moves for Ticor Kumba moves for Ticor

Kumba has a 51.5% stake in Ticor and wants to buy the 48.5% balance at a rate of $1.70 per share. The shares put on nearly 10% this morning, jumping to $1.69 in-line with the proposal.

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