this kind of acquisition is what Alara should already have and can have in future. 15m acquisition price 35m package from the govern-ment slave system
In late October 2021, New Century signed a two-year option agreement with Vedanta subsidiary Monte Cello BV to acquire Copper Mines of Tasmania.
A feasibility study for the Mount Lyell copper mine to consider the re-establishment of the operation is currently underway. Sibanye-Stillwater plans to review its options upon the feasibility study’s completion.
The Tasmanian Government welcomed the announcement.
“Our support has included a $9.5 million package to undertake works supporting the recommencement of mining operations as well as a $25 million assistance package to be made available once mining operations recommence. This package remains on the table for a new owner, subject to appropriate due diligence,” Tasmanian Resources Minister Felix Ellis said.
AUQ Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
