IRL 0.00% 0.0¢ india resources limited

Takeover opportunities for zinc by MMG

  1. 768 Posts.
    lightbulb Created with Sketch. 13
    MMG, the Hong Kong-listed miner, is eyeing opportunistic takeover opportunities in zinc and copper, the Australian Financial Review reported. The report cited MMG’s chief executive, Andrew Michelmore, as saying that the group is looking for zinc and copper, but the process would take place in the background until its Las Bambas copper project enters production next year.
    Michelmore said that MMG sees a number of opportunities in copper, with many projects facing funding issues, but the company would like to diversify and replace the Century project in its zinc portfolio. Michelmore noted that there are not many zinc assets on the market so the group would have to explore to replace production at Century, which is set to close this year.
    MMG is keen to grow to a top mid-tier miner by 2020. The group is mulling a secondary listing on the ASX, or in London or South Africa. Michemore noted that another listing would not be considered until Las Bambas goes into production.


    Wanting to become a miner by 2020. Yesterday's post by Rocket saying IRL want to be mining their Aravalli zinc project.
    Yes I know I am drawing an extremely long bow, but who knows!
 
watchlist Created with Sketch. Add IRL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.