CAPITAL MARKETS

Ivanhoe urges bigger capital return

EXCO Resources’ largest shareholder, Ivanhoe Australia, is yet to decide how it will vote on the sale of the Cloncurry copper project but says a bigger slice of the proceeds should be returned to shareholders.

Kristie Batten

Ivanhoe urges bigger capital return

Yesterday Exco announced it will sell its flagship project to Xstrata for $A175 million and return $100 million of surplus funds to shareholders. Ivanhoe said it wouldn’t decide on how to vote on the...

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