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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| New Centy Resource Corporation (CE) | USOTC:NCRE | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0003 | 0.00 | 01:00:00 |
From May 2022 to May 2024
By Joe Hoppe
Sibanye-Stillwater Ltd. said Thursday that it will provide up to 30 million Australian dollars ($20.1 million) in financial support for takeover target New Century Resources Ltd., subject to certain conditions.
The South African precious-metals mining company said that record levels of rainfall in North Queensland, Australia resulted in flooding at the Century mine and Karumba port facility in early March, with operations expected to remain suspended for a further two-three weeks, which will result in a production shortfall.
In mid-February, Sibanye said it was launching an off-market takeover offer for New Century and that it will pay $83 million for the shares it doesn't already own. As of Tuesday, Sibanye owns 87.64% of New Century, up from its holding of 19.9% on Feb. 21.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
March 23, 2023 04:19 ET (08:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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