Base Metals

Mining Weekly reports that Cape Lambert (ASX:CFE) has taken majority ownership in two potentially large-scale West African iron-ore projects.

Mining Weekly reports that Cape Lambert (ASX:CFE) has taken majority ownership in two potentially large-scale West African iron-ore projects.

The market news is quoted as saying,

Cape Lambert has acquired a further 42.8% shareholding in the company, taking its final stake to 90.2%. The copper miner paid A$16.33-million in cash, as well as A$32.67-million through the issue of 54.45-million Cape Lambert shares, at a deemed price of 60c a share.

For the complete market news, click here.

Featured

MARKETS

Markets
TSX20777.55+245.37
TSXV721.74+7.08
DOW33095.55+458.36
S&P 5004144.57+86.73
NASD12091.04+350.39
ASX7105.90-49.30

COMMODITIES

Commodities
Gold1853.59+0.53
Silver22.11+0.09
Copper4.32+0.06
Palladium2078.99+71.00
Platinum955.59+6.58
Oil114.91+0.82
Heating Oil3.90+0.04
Natural Gas8.72-0.17

DOWNLOAD FREE REPORTS

×