IGC

The Tony Sage-led International Goldfields has entered a $152 million scrip deal to acquire a 50 per cent stake in an oil and gas block in Kazakhstan.

THE Tony Sage-chaired International Goldfields and Nkwe Platinum have decided not to merge, preferring instead to settle a $60 million project stake acquisition.

The Tony Sage-chaired International Goldfields (IGC) and Nkwe Platinum have decided not to merge, preferring instead to settle a $60 million project stake acquisition.

Nkwe Platinum has today confirmed it accepts International Goldfields' $60 million valuation for a South African project as part of a merger deal.

International Goldfields says it will step up merger discussions with Nkwe Platinum after it received an independent report that valued its South African assets at up to $64 million.