M&A

Ambitious New Century set for 'immense opportunity' at Mt Lyell copper mine

NEW Century Resources is looking to become a copper miner at Mt Lyell in Tasmania as well as a global leader in the burgeoning tailings asset management business with backers including precious metals miner Sibanye-Stillwater which is set to become a 19.9% shareholder.

Mt Lyell, Tasmania

Mt Lyell, Tasmania

A slew of deals unveiled by New Century today included the acquisition of an option over the Mt Lyell operation, a A$105 million equity raising and the replacement of the $180 million environmental bond...

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