This article was published in the Barrier Daily Truth today: A merger of the city's two mining companies was now most unlikely, according to CBH Resources.
The base metal miner ceased to be an Australian company on Friday when a takeover by its majority shareholder, Toho Zinc, was completed. But it was not that long ago that CBH, along with miner Perilya and many mining analysts, believed a merger was the best outcome for mining in Broken Hill citing financial, operating and strategic benefits. An almost 12-month long merger deal, a failed take over bid and two foreign companies later, CBH Resources managing director Stephen Dennis said the unification of CBH and Perilya could not look further away.
PEM Price at posting:
38.4¢ Sentiment: Hold Disclosure: Held
