Cape Lambert lodges formal DMC bid

CAPE Lambert Resources has made a formal bid to take full ownership of DMC Mining in an all-cash deal worth around $A34 million.

Cape Lambert lodges formal DMC bid Cape Lambert lodges formal DMC bid Cape Lambert lodges formal DMC bid Cape Lambert lodges formal DMC bid Cape Lambert lodges formal DMC bid

The Tony Sage-led resources and investment company, which currently holds a 36.2% stake in DMC, is offering 40c per share.

DMC owns an 80% stake in the Mayoko iron ore project in the Republic of Congo.

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