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Petmin to Invest Another $1.5m in Liberia Iron-Ore Exploration JV
Jun. 27, 2011 08:27AM PST
Base Metals Investing Mining Weekly reports Petmin (JNB:PET) will invest an additional $1.5-million in its iron-ore joint venture in Liberia to fund the second phase of exploration.
Mining Weekly reports Petmin (JNB:PET) will invest an additional $1.5-million in its iron-ore joint venture in Liberia to fund the second phase of exploration.
The market news is quoted as saying,
The investment would increase Petmin’s shareholding in the JV company, Iron Bird, to 50%. Currently, Aim-listed Hummingbird Resources owns 85% of Iron Bird.