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Orion clears hurdles for Okiep acquisition; Calgro M3 flags profit jump

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Business brief | Orion clears hurdles for Okiep acquisition; Calgro M3 flags profit jump

In a slower day for corporate news, junior miner Orion says acquisition of its promising Okiep Copper Project in the Northern Cape. Affordable housing developer Calgro M3 says it's faring well in a tough environment, while Eastplats has reported a return to profit. In international news, Nippon Steel has clearance in the EU for its proposed takeover of US Steel but likely faces a tougher battle in Washington.

2 billion on the JSE, still fell 4% on Monday, though it has risen almost 30% in the year to date.flagged a between 20.2% and 27.7% rise in headline earnings per share for its year to end-February. This was achieved in challenging market and underscores the company's"deep understanding" of the markets it serves, it said, as well as the prioritisation long-term sustainability and expanding market share.

 

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