Chinese group run ruler over Padbury

A CHINESE group is running the ruler over Padbury Mining’s Peak Hill iron ore project in Western Australia’s Mid West with plans to visit the property next month as part of its due diligence process.

Chinese group run ruler over Padbury Chinese group run ruler over Padbury Chinese group run ruler over Padbury Chinese group run ruler over Padbury Chinese group run ruler over Padbury

The news has already lifted Padbury's share price which is up nearly 18% in early morning trade.

The non-binding offer from China's Taifeng Group Co will see the group take a 19.

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