Some more info which should excite QMN holders.
Wednesday 18 May 2011
It is understood Oxiana chief Owen Hegarty is considering spinning out Queensland's Lady Annie copper project onto the Australian Securities Exchange in the second harf of this year in a deal that could be worth as much as $700 million. The mining industry veteran is vicechairman of Hong Kong-listed China SciTech Holdings, which owns a copper mine in Peru and which last May bought Lady Annie, to the north-west of the Mt Isa township, Queensland, from Cape Lambert Resources for $135 million. Hegarty on a visit to Lady Annie in December last year that China Sci-Tech's first preference in Australia would be to buy something else in the Mt Isa region. Among the copper assets within close proximity to Lady Annie are Perilya's Mount Oxide project, Aditya Birla's Mount Gordon project and Cape Lambert's Leichhardt project, which used to belong to failed miner Matrix Metals.
Some more info which should excite QMN holders.Wednesday 18 May...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)