EQN equinox resources limited.

equinox will fight off hostile suitors through

  1. 678 Posts.
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    London 14 January 2010 08:12
    Equinox will fight off hostile suitors through acquisitions

    Equinox Minerals wants to buy a late-stage project or a producing asset in a low-risk country in a bid to expand and fend off unwanted advances from potential suitors. The company, which owns and operates Lumwana, Africas largest copper mine that came into commercial production in April 2009, has not received any takeover bids and is not up for sale, a spokesman told MB. But the company is vulnerable to a takeover, analysts believe. Companies looking for a foothold or greater presence in copper and in Zambia would be Antofagasta, Vedanta Resources, which owns Konkola Copper Mines (KCM) in Zambia and has the offtake for Lumwanas concentrates, and Vale and ARM, which created a 50:50 joint venture to develop Teals copper assets in the Democratic Republic of Congo (DRC), Zambia and Namibia in March last year, analysts said. Equinox is supplying their smelter and Vedantas looking to expand, a London...
 
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Last
7.5¢
Change
0.000(0.00%)
Mkt cap ! $11.65M
Open High Low Value Volume
7.5¢ 7.9¢ 7.5¢ $28.19K 365.3K

Buyers (Bids)

No. Vol. Price($)
2 8423 7.5¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 21483 2
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