CAPITAL MARKETS

WPG offloads assets to OneSteel for $346M

SHARES in WPG Resources have soared after the company announced it will sell its South Australian iron ore assets to OneSteel for $A346 million cash as the steelmaker seeks to grow its mining business.

Kristie Batten

WPG offloads assets to OneSteel for $346M

The sale will include the flagship Peculiar Knob project, as well as the Buzzard, Hawks Nest, Mt Brady and Windy Valley tenements. The sale price, which is equivalent to $1.40 per WPG share, includes...

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