M&A

MRG bobs up with Mozambique mineral sands opportunity

LOW-PROFILE MRG Metals is planning to acquire a mineral sands exploration project in Mozambique previously drilled by Western Mining and located in between the Corridor 1 deposit mined by Chinese group Anhui and the Chilubane deposit held by Rio Tinto that's subject to feasibility work.

 Kenmare Resources, Rio Tinto and Chinese firms are among those with mineral sands interests in Mozambique.

Kenmare Resources, Rio Tinto and Chinese firms are among those with mineral sands interests in Mozambique.

Ballarat-based MRG has 30 days to carry out due diligence, which if satisfactory, will see the payment of up to US$100,000 to the vendors plus the issue of 175 million shares and 175 million options. ...

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