CAPITAL MARKETS

Cape Lambert to sell Mayoko royalty rights

CAPE Lambert Resources shares jumped more than 10% in early trading after it announced it had mandated Deutsche Bank to sell its royalty rights for the Mayoko iron ore project in the Republic of Congo.

Hannah Vickers
Cape Lambert to sell Mayoko royalty rights

The company expects to receive $A55 million to $114 million for the rights, and is considering paying a special dividend to shareholders from the proceeds of the sale. Under the terms of the royalty,...

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