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Article: AFRICAN RAINBOW MINERALS LTD - Statement re Major New South African Coal Mining Company.
- Article from:
- PR Newswire UK Disclose
- Article date:
- February 28, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JOINT ANNOUNCEMENT
AFRICAN RAINBOW MINERALS LIMITED XSTRATA PLC
(Incorporated in the Republic of South Africa) (Incorporated in Switzerland)
(Registration number 1933/004580/06 (Registration number 4345939)
JSE Share code: ARI ZSE Share code: XTA.S
LSE Share code: AGM LSE Share code: XTA.L
ISIN: 000054045 ("Xstarta")
("ARM" or the "Company")
ARM AND XSTRATA ESTABLISH A NEW MAJOR SOUTH AFRICAN COAL MINING COMPANY -
DETAILED TERMS ANNOUNCEMENT
1. INTRODUCTION
ARM and Xstrata are pleased to announce that agreement has been reached to
establish a major black controlled coal mining company ("ARM Coal"), in a
transaction valued at approximately R2.4 ...