M&A

Metallica-Melior marriage over

A DEAL to mix Canada-based Melior Resources' emerging Goondicum ilmenite-apatite project with bauxite hopeful Metallica Minerals, which was opposed by founder Andrew Gillies and other key shareholders, was terminated over the Christmas break with each party blaming the other.

 Melior's production will not be added to Metallica's pipeline of projects.

Melior's production will not be added to Metallica's pipeline of projects.

The merger had a due date of December 31, but Metallica's rejigged board declared late last week the deal was being consigned to the bin because of alleged breaches of representations, warranties and covenants...

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