Aug 12 (Reuters) - Australian rare earths miner Northern Minerals Ltd (NTU) on Monday said it was in negotiations with a Chinese entity for a A$20 million ($13.53 million) investment.
The company said it would make a private placement of shares to the entity at about A$0.062 per share if the transaction was approved by the board.
The miner also said it was in talks with other parties for an investment, although no substantial progress had been made in such talks.
($1 = 1.4786 Australian dollars)
News: NTU Australian rare earths miner Northern Minerals courting Chinese investor
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