MOL moly mines limited
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News: MOL Metro Mining says Gulf Alumina determines its offer superior

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    02/11/16
    17:48
    Post #: 20320538

    Nov 2 (Reuters) - Metro Mining Ltd (MMI) :

    • Board of Gulf Alumina announced it determined that metro's offer is superior proposal from Moly Mines's offer
    • Considers offer provides opportunity to unlock over $200 million in synergies from combining Metro's and Gulf's complementary projects
    • Notes Moly's proposal, while inferior in value, remains highly conditional, requires approval from FIRB and ASX
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