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News: DNK Sichuan Road To Buy Stake In Colluli Mining For Potassium Salt Project In Eritrea

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    05/01/23
    00:45
    Post #: 65535604

    Jan 4 (Reuters) - Sichuan Road & Bridge Group Co Ltd 600039.SS :

    • SAYS UNIT PLANS TO BUY 50% EQUITY STAKE IN COLLULI MINING SHARE COMPANY FROM AUSTRALIA'S STB ERITREA PTY LTD
    • SAYS TRANSACTION PRICE OF $170 MILLION INCLUDING $135 MILLION OF 50% EQUITY STAKE IN COLLULI MINING, $31 MILLION OF CREDITOR'S RIGHTS
    • SAYS UNIT WILL INVEST $780 MILLION IN ERITREA'S POTASSIUM SALT PROJECT

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