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ABC News reports that West Australian junior miner Mindax (ASX:MDX) has struck a $52 million deal with a Hong Kong company to develop its Goldfields iron ore mine.
ABC News reports that West Australian junior miner Mindax (ASX:MDX) has struck a $52 million deal with a Hong Kong company to develop its Goldfields iron ore mine.
As quoted in the market news:
Under the deal, Hong Kong based Perpetual Mining will take a 51 per cent operational stake in Mindax’s Mt Forrest project.
The money will be paid as the mine reaches development milestones.
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