Announced
Completed
Financials
Tags
Private
Single Bidder
Australia
Friendly
Iron and Steel
Domestic
Minority
Completed
Acquisition
mineral resources
Synopsis
Mineral Resources, a Perth-based mining services provider, completed the acquisition of 40% stake in Red Hill Iron Ore from Red Hill Iron, an Australia-based mineral exploration company, for $295.6m. The acquisition of the RHIOJV interest aligns with MRL’s strategy to expand its resource inventory around the Company’s Ashburton Hub to underpin a long-term, sustainable iron ore export business.
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