16 SEPTEMBER 2011THE AUSTRALIAN
Minmetals left with OZ essentials only
Edited by : AL CIRCLE
1 min read
MINMETALS Resources will be left with only the assets it bought from OZ Minerals in 2009 and a small bauxite interest after sealing a $US726.8 million ($713m) deal to sell trading and fabrication assets to parent company China Minmetals Nonferrous.
The previously flagged sale will leave Chinese-controlled, Hong Kong-listed and Melbourne-based MMR with only the OZ assets and an interest in a Jamaican bauxite joint venture with its 72 per cent shareholder, China Minmetals.
The previously flagged sale will leave Chinese-controlled, Hong Kong-listed and Melbourne-based MMR with only the OZ assets and an interest in a Jamaican bauxite joint venture with its 72 per cent shareholder, China Minmetals.
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