M&A

Balmoral boosted by CITIC deal: Australasian

CHINESE company CITIC has picked up the rights to an additional 1 billion tonnes of magnetite in Western Australia's Pilbara from Clive Palmer in a deal that its neighbour Australasian Resources says underpins the area's potential.

MiningNews.Net
Balmoral boosted by CITIC deal: Australasian

CITIC picked up the additional mining rights through the acquisition of Korean Steel, a subsidiary of Australian company Mineralogy. Mineralogy, which is chaired by Palmer, also sold Australasian its...

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