In the media

Katanga, Nikanor merge to form world’s largest cobalt company

06 November 2007

Copper mining companies Katanga Mining and Nikanor on Tuesday announced that they planned to merge and form a company with a combined market capitalisation of about $3,3-billion.
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Funded Nikanor presses on with $1,8bn copper mine, refinery

21 September 2007

Two–thirds–funded London Aim–listed explorer, miner and refiner Nikanor has resumed “full speed ahead” with its $1,8–billion copper project in the Democratic Republic of Congo (DRC)
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Nikanor makes $130M placement for mining equipment

23 July 2007

Nikanor said Monday that it has made a placement for a major $130 million order for the supply of mining equipment and support vehicles to its world class copper and cobalt mining operations based in the Democratic Republic of Congo.
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Update -Nikanor says production by end-2009 ‘a stretch’

12 July 2007

Nikanor Chairman Jonathan Leslie said on Thursday that it would be a “bit of a stretch” for the miner to begin production by end-2009, but assured that it would be approaching full production by end-2010.
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Miner Nikanor raises £372m

2 June 2007

Nikanor is raising £372m in a placing which will see the Aim–listed miner’s erstwhile suitor, Glencore, take a 12.5 per cent stake in the group.
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Nikanor raises 400 mln stg after placing 66.7 mln shares at 600p/shr

1 June 2007

Nikanor, said it has raised gross proceeds of about 400 mln stg after placing 66.7 mln shares at 600 pence apiece, adding that the funds give it the 'required finance' to develop its key KOV mine and other projects in the Democratic Republic of Congo.
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Update-Nikanor raises 400 mln stg in placing

1 June 2007

Nikanor  said on Friday it had raised 400 million pounds ($791.1 million) via a share placing, with Swiss commodities trader Glencore International taking an around 12.5 percent stake in the enlarged group.
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Nikanor issue of equity

1 June 2007

Nikanor announced Friday a cash placing of up to approximately 62,000,000 new Ordinary Shares to raise up to approximately GBP372 million (before fees, commissions and expenses) to fund the further development of its Project including the rehabilitation of the KOV mine, the building of a new processing facility at Luilu, the exploitation of the ore bodies at Kananga and Tilwezembe and the partial refurbishment of the Kolwezi concentrator. Nikanor also announces that it has agreed a term sheet with Glencore for off-take of the entire copper and cobalt production of the Project at market prices.
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Nikanor says revised cost estimate for KOV mine in line

25 May 2007

LONDON (Thomson Financial) - Nikanor confirmed that, following the results of an independent review, the projected capital cost to restart the KOV mine is in line with a revised estimate.
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Corrected–update 1–Glencore to seek recommended Nikanor bid

17 May 2007

LONDON, May 16 (Reuters) – Swiss commodities trader Glencore International [GLEN.UL] is to seek a meeting with directors of mining firm Nikanor Plc in a bid to secure a recommendation for its 839 million–pound ($1.67 billion) offer, a source familiar with the situation said on Wednesday.
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Update-Miner Nikanor rejects $1.7 bln takeover proposal

16 May 2007

Mining firm Nikanor  said on Wednesday it had rejected an 839 million pound ($1.7 billion) takeover proposal from a consortium backed by Swiss-based Glencore International.
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Nikanor receives offer from major shareholders 600p/share

16 May 2007

Nikanor Wednesday said on May 15 it received a non-binding indicative proposal from a special purpose vehicle, Cosaf Limited.
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Nikanor enters takeover talks - Smallcap Briefing.

3 May 2007

Nikanor, the Aim-listed copper group, is entering talks with a potential bidder following a “preliminary” takeover approach.
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Nikanor to hold EGM on May 3 as first stage of possible future capital raising

5 April 2007

Nikanor said it will hold an extraordinary general meeting on May 3 as a first step to a possible future capital raising.
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Nikanor looks to share issue to restart Congolese mine.

31 March 2007

Shares in Nikanor fell 15 per cent yesterday after talks with Chinese investors ended and the mining group said it would issue up to Dollars 650m (Pounds 330m) in shares to fund its flagship project.
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Interview: Nikanor seeks “Strategic Investments” in Congo ops

30 March 2007

AIM-listed Nikanor  is seeking “strategic investments” for its copper and cobalt operations in Congo including from major western mining companies, Chinese players and its founding shareholders, executive chairman Jonathan Leslie told Dow Jones Newswires Friday.
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Nikanor looks for $1.8 billion to develop Congo copper mine

30 March 2007

Nikanor is in talks about raising $1.8 billion (£919 million) to bring its copper and cobalt mining assets in the Congo on stream by the end of 2009.
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Nikanor FY pretax losses $14.0M Vs $0.04M

30 March 2007

Nikanor Friday reported a full-year pretax loss of $13,960,800 in the year ended Dec. 31, 2006, compared with a loss of $35,600.
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