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

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