Thursday, 17 January 2013

Afferro confirms Jindal interest

Afferro (LON:AFF, CVE:AFF) has confirmed that Indian giant Jindal Steel and Power is one of a number of the junior miner's potential suitors.
Afferro confirmed last month that it had received bid approaches, which has helped lift the share price.
Prior to this latest announcement AIM-listed International Mining and Infrastructure Corporation (LON:IMIC) was the only company to have been linked formally with a possible offer.
Afferro confirmed today it remains in “active discussions with all potential offerers”.
“Whilst the company has received approaches from a number of interested parties, there can be no certainty that a formal offer will be forthcoming,” it added.
“Shareholders are not presently advised or required to take any action. Further updates will be made as appropriate.”
The group’s major asset is the 2.5bn tonne Nkout iron ore deposit in Cameroon.

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