CAPITAL MARKETS

WMC takes 100% of Corridor Sands project

WITH the US$82.5 million acquisition of the massive Corridor Sands project in Mozambique, WMC has confirmed its interest in a 16 billion tonne resource that outgoing CEO Hugh Morgan recently described as being the best in the company's portfolio.

MiningNews.Net

WMC takes 100% of Corridor Sands project

WMC announced today is acquiring Corridor Sands from the Johannesburg-listed Southern Mining Corp for scrip and, potentially, some cash. Payment will be in two tranches, with an initial US$62.5 million...

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