Daily Brief Energy/Materials: Boral Ltd, Globe Metals And Mining, JSW Steel Ltd and more

• Seven Group Holdings (SVW AU) holds 71.59% in Boral Ltd (BLD AU) and is looking to acquire the remaining shares at A$6.05/share via a mix of SVW stock and cash.
• The offer consideration ratchets higher to A$6.15/share if SVW’s aggregate shareholding reaches 80% and to A$6.25/share if SVW’s aggregate shareholding reaches 90.6%.
• Seven Group Holdings (SVW AU) is an addition to a global index at the end of the month and a drop in the stock post inclusion will affect Boral Ltd.

• Globe Metals & Mining Ltd (ASX:GBE) is a Perth-based, Africa-focused resources company developing the Kanyika niobium project in Malawi, east Africa.
• GBE has been undertaking exploration and resource development activities at Kanyika since identifying niobium and tantalum mineralisation at the site back in 2007, and is now poised to bring the first niobium mine into production in more than 50 years and the first ever for Africa.
• The Kanyika niobium project has a mineral resource of 68Mt at 0.283% niobium based on approximately 33km of drilling. 

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• JSW Steel Ltd