CAPITAL MARKETS

Pisolite Hills on hold as merger fizzles

CAPE Alumina has suspended work at its Pisolite Hills bauxite project in Queensland and a merger related to the flagship asset has been called off following an environmental decision by the state government.

Justin Niessner

Pisolite Hills on hold as merger fizzles

The news sent Cape Alumina shares tumbling 25% this morning. An agreement signed by Cape Alumina and Metrocoal in September to form an enlarged company initially focusing on development of Pisolite...

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