Central Asia Metals (CAML) - Expensive Macedonian non-synergistic acquisition
The US$150m 230 pence per share (p/share) share placing is complete. The Kazakh open pit Solvent Extraction Electro-Winning (SXEW) copper miner (Kounrad) is buying an underground lead/zinc mine in Macedonia (Lynx) for a total of $402.5m.Macedonia is the former Yugoslav Republic where it is alleged that the Russians tried to influence this spring’s general election to prevent the country joining Europe and NATO.
Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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