CAPITAL MARKETS

Sphere spinning-off assets aplenty

MAURITANIAN iron ore hopeful Sphere Investments intends to spin-off its gold and base metal assets and its oil and gas interests as two separate entities that are likely to be listed on the Australian Stock Exchange.

Michael Vaughan
Sphere spinning-off assets aplenty

Sphere’s gold and base metal assets will be spun off as Shield Mining with details of an in specie distribution and ASX-listing expected to be announced in the near term. The company will be led by mining...

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