South African miners to secure Chinese deals before HK IPOs

20 Oct 2011

Lontoh Coal is close to filing its application with the Hong Kong stock exchange, edging towards a deal that it has been plotting for much of the year. The company could be followed by another coal miner from South Africa, with Beacon Investment Group also planning to tap Hong Kong equity investors.

Lontoh could be the first South African miner to list on the Hong Kong stock exchange, and Beacon is not likely to follow for several years. However bankers are taking similar approaches with both companies by making sure they secure take-off agreements in China, so they can focus ...

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