More M&A in mineral sands space with ERAMET bidding for Mineral Deposits

MINERAL sands producer Mineral Deposits is the subject of a A$291 million cash offer from 50:50 joint venture partner ERAMET, with the deal the second in the minerals sands space in the past four months following Base Resources’ US$92 million acquisition of the Toliara project in Madagascar back in December.

More M&A in mineral sands space with ERAMET bidding for Mineral Deposits More M&A in mineral sands space with ERAMET bidding for Mineral Deposits More M&A in mineral sands space with ERAMET bidding for Mineral Deposits More M&A in mineral sands space with ERAMET bidding for Mineral Deposits More M&A in mineral sands space with ERAMET bidding for Mineral Deposits
The bid of A$1.46 per share by ERAMET is a 33% premium to the Mineral Deposits volume weighted average share price over the past month.