Imperial acquisition takes Iluka a step closer to BeMax

ANOTHER obstacle standing between Iluka Resources NL and control of takeover target BeMaX Resources has been overcome with BeMaX’s acquisition of Imperial Mining (Aust), a move upon which the takeover offer is contingent.

However, BeMaX’s plan to acquire Imperial’s share of the BIP Mineral Sands joint venture has been in the offing for a long time and was not sparked by the takeover bid, BeMaX managing director Stephen

  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.