African Iron
Stock Code
Stock Exchange
African Iron (AKI) Formerly known as Stirling Minerals is an Australia-based company. The Company is principally engaged in resource mineral exploration. The Company operates in one industry, mineral resource exploration and assessment of mineral projects, and in one geographical segment, being Australia.
South African miner Exxaro is on its move to takeover African Iron (AKI) after the ASX-listed company's major shareholder Cape Lambert Resources (CFE) accepted the offer of the bidder.
Shares of Australian-listed company African Iron (AKI) climbed by 14 cents or 35 per cent to 54 cents after it announced that it signed a Takeover Bid Implementation Agreement (TBIA) with South African miner Exxaro Resources for a takeover for all of African Iron's shares.
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