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oz says continuing martabe sale

  1. mathowa
    1,201 Posts.
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    01/04/09
    11:57
    Post #: 4967255
    My last message subject should had stated



    FYI Media


    OZ Minerals says continuing Martabe saleApril 1, 2009 - 10:34AM
    OZ Minerals Ltd says the company is continuing with the sale process for its Martabe gold and silver project in Indonesia.

    The debt-laden miner on Wednesday has received a $US1.2 billion ($A1.74 billion) proposal from its Chinese suitor to acquire a suite of the miner's assets.

    "It's (Martabe) still an asset up for sale, we are continuing with that process," OZ Minerals chief executive Andrew Michelmore told analysts on a conference call.

    "There is no way we will be selling it for a fire sale price."
    OZL Price at posting: $5.20 Sentiment: Hold Disclosure: Held
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