this kind of acquisition is what Alara should already have and...

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.