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SMH reported Australasian Resources (ASX:ARH) has completed a deal to acquire iron ore projects previously owned by Mineraology.
SMH reported Australasian Resources (ASX:ARH) has completed a deal to acquire iron ore projects previously owned by Mineraology.
As quoted in the market news:
Australasian Resources – which is majority owned by Mr Palmer – is set to double the size of its iron ore operations and receive $5 million in funding as a result of a complex deal involving three other companies that are also controlled by the Queensland billionaire.