viewPanAust Ltd

China's Guangdong Rising Assets Management pitches takeover for PanAust


PanAust Limited (ASX: PNA) receipt of a $2.30 per share cash offer from China’s Guangdong Rising Assets Management is a clear sign that China’s desire to control more major resources projects has not been sated.

This same demand could well fuel further mining deals globally as China continues to target the resources it requires.

For PanAust the offer from GRAM, which already holds a 23% interest, could well attract competing offers.

It plans to open its doors to GRAM, which could potentially allow the Chinese company to improve its indicative offer price.

The company is capable of funding development of its growth projects such as Freida River in Papua New Guinea or the Inca de Oro project in Chile.

Frieda River could produce 100,000 metric tons of copper and 160,000 ounces of gold annually and have a mine life of 18 years.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.    

Quick facts: PanAust Ltd

Price: - -

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: De Grey Mining strikes wide gold mineralisation zone in...

De Grey Mining Ltd (ASX:DEG) executive chairman Simon Lill updates Proactive on new gold mineralisation defined at the Buckle prospect in W.A.’s Pilbara region, after first drilling. RC drilling is now planned to commence in February to determine further resource potential of the exciting new...

1 day, 18 hours ago

2 min read