(Bloomberg) -- Yunnan Tin Co., the world's largest
producer of the metal, agreed to buy 5 percent of Australia's
Metallica Minerals Ltd. for A$5.9 million ($4.9 million).
Yunnan's Australian unit will buy 5.38 million shares at
A$1.10 apiece to help Metallica fund a development study for its
nickel project, Brisbane-based Metallica said in a statement to
the Australian Stock Exchange. The agreement needs regulatory
approval in the next two months.
Read more at Bloomberg Commodities News
producer of the metal, agreed to buy 5 percent of Australia's
Metallica Minerals Ltd. for A$5.9 million ($4.9 million).
Yunnan's Australian unit will buy 5.38 million shares at
A$1.10 apiece to help Metallica fund a development study for its
nickel project, Brisbane-based Metallica said in a statement to
the Australian Stock Exchange. The agreement needs regulatory
approval in the next two months.
Read more at Bloomberg Commodities News
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