UK-based Bushveld Minerals has launched its second takeover bid for local coal explorer Lemur Resources in two years, this time proposing to acquire all the shares it doesn't own in the business for about $10.9 million.
Lemur Resources executive director Anthony Viljoen has been appointed as chief executive officer, following the resignation of non-executive chairman Marcello Cardaci.
African coal explorer Lemur Resources non-executive director Marcello Cardaci will act as interim non-executive chairman, following the resignation of managing director Blair Sergeant.
