BLK today announced that they are one of two bidders who are progressing to the auction for the Russian Coal project.
The equity standby facility will convert to BLK shares at a price of $1 should the BLK bid be successful.
RMP have an exposure under the facility that is detailed in the half yearly accounts. If BLK get the project it could possibly be a nice investment for RMP imo.
junior blk..., page-2
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