Stef Weber has been appointed chief financial officer and company secretary of Subiaco-based Minbos Resources, following the resignation of Paige Exley as company secretary.
South Africa's Exxaro Resources has taken its stake in takeover target African Iron to 97.88 per cent, allowing it to compulsorily acquire the remaining shares in the company.
South African mining company Exxaro is set to buy African Iron, an Australian-listed company with iron ore operations in the Republic of Congo, for about $388 million.
US-based titanium dioxide pigment producer Tronox has acquired South African miner Exxaro's mineral sands projects; including the Tiwest mineral sands project north of Perth.
South Africa's Exxaro Resources has confirmed that it will not increase its $0.46 per share offer for iron ore miner Territory Resources, despite it being trumped by Hong Kong-based Noble Group earlier this month.
Territory Resources' board of directors has unanimously recommended its shareholders accept the $133 million takeover bid offered by Hong Kong commodities trading house Noble Group.
Territory Resources shares have jumped by 10 per cent after Noble Group trumped South African miner Exxaro Resources $123 million takeover bid, launching its own unconditional all-cash offer that values Territory around $133 million.
Shares in Territory Resources have soared after the Perth-based iron ore explorer announced a friendly $0.48 per share takeover offer from South African diversified commodities group Exxaro Resources.
