Didn't realise that MGU already hold a 50% stake in Midmetal.With the completion of an engineering study showing the viability of this project in January, Magnum – which now holds a 50% stake in Midmetal – has steamed ahead this year with talks with a Saudi investor for a capital raising of US$210 million and metallurgical testing which showed that a high-grade concentrate of 68.3 percent iron could be produced from Buena Vista through a relatively simple grinding process.
Collaboration in a green (steel) future the focus for Magnum and Saudi partners, page-2
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