Project C24 Flashcards
Provide the name and other details of the mine in question?
Boo Bee Chun suspects that the mine in questio nis the Samancor Chrome mine in South Africa.
Samancor Chrome’s core business is the mining and smelting of chrome ore. With an annual capacity of some one million tons, Samancor Chrome is one of the largest integrated ferrochrome producers in the world. We produce three grades of ferrochrome, namely charge chrome, intermediate carbon ferrochrome and low carbon ferrochrome, each used in different areas of the stainless steel smelting process.
Samancor Chrome is a private company which recently underwent a change of ownership: previous shareholders BHP Billiton (60% ownership) and Anglo American (40% ownership) sold the company to the Kermas Group in June 2005 after evaluating several offers to arrive at the option promising the most prosperous future for the company and the best value for shareholders. In November 2009 International Mineral Resources (IMR) became the majority shareholder with a 70% direct shareholding in the holding company, Samancor Chrome Holdings (Pty) Limited.
The company corporate office is based in Sandton, Johannesburg. Three ferrochrome plants and two chrome ore mining complexes operate as separate business units in different locations in South Africa:
- Western Chrome Mines in the Rustenburg area in the North West Province.
- Eastern Chrome Mines near the Lydenburg /Steelpoort area of the Limpopo Province.
- Ferrometals near eMalahleni, Mpumalanga Province.
- Middelburg Ferrochrome and Middelburg Technochrome near Middelburg, Mpumalanga Province.
- Tubatse Ferrochrome in the Lydenburg / Steelpoort area of the Limpopo Province.
Give details of the name of the client, the proposed fee arrangement and the names of the other advisors.
Pitch for 瑞银证卷 (UBS) for an acquisition by 中信 (CITIC) of a mine in South Africa.
BM Beijing and BM Johannesburg each giving a 30% and 10% discount respectively, with an additional busted deal discount of 10%. Fees capped at USD280,000.
