Not so afraid of the MRRT

FE Limited will push ahead with its takeover bid for Padbury Mining, despite Fe chairman Tony Sage telling MiningNews.net last week the company was considering pulling its offer over renewed concerns about the impact of the federal government’s Minerals Resource Rent Tax.

Not so afraid of the MRRT Not so afraid of the MRRT Not so afraid of the MRRT Not so afraid of the MRRT Not so afraid of the MRRT

Fe launched a $A13.6 million offer for iron explorer Padbury in July, offering one Fe share for every 13 Padbury shares on issue.