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Mineral Deposits inks JV, eyes $151M raising

MINERAL Deposits is seeking to form a joint venture with French mining and metallurgical group Eramet to create a new vertically integrated mineral sands player, and to boost its bank balance by $A151 million to fund the development of its Grand Cote mineral sands project in Senegal.

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Mineral Deposits inks JV, eyes $151M raising

Eramet subsidiary Eramet Titanium & Iron and Mineral Deposits will both hold 50% stakes in the new entity. Under the memorandum of understanding, Eramet would contribute all its shares in ETI and...

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