Adastra sells Kolwezi stake to Mitsubishi

ADASTRA Minerals has agreed to sell a 15% stake in the Kolwezi copper-cobalt project in the Democratic Republic of Congo to Mitsubishi Corp as it moves to fend off a hostile takeover bid from First Quantum Minerals.

Adastra sells Kolwezi stake to Mitsubishi Adastra sells Kolwezi stake to Mitsubishi Adastra sells Kolwezi stake to Mitsubishi Adastra sells Kolwezi stake to Mitsubishi Adastra sells Kolwezi stake to Mitsubishi

Japan’s largest trading company will pay Adastra $US37.5 million ($A50.7 million) for the stake and provide a further $US12.5 million in loans for the Kolwezi project.

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