Cash-rich Oxiana explores takeovers
Kevin Andrusiak
October 25, 2006
MID-TIER gold and copper miner Oxiana is awash with cash and examining potential takeover targets after a bumper third quarter of production.
"We do have significant funds in the bank and of course available to us if we wanted to make a major acquisition," Mr Hegarty said.
"Our criteria are it has to be base or precious metals and it's got to be in our patch.
"We are in a very powerful position in terms of cash and looking out there for the future."
LAF
lafayette mining limited
anyone looking
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