CAPITAL MARKETS

Metals X sells Wingellina stake

TIN producer Metals X has signed a heads of agreement with Jinchuan Group to sell the Chinese group 20% of the Wingellina nickel-cobalt project in Western Australia in a deal worth around $A50 million.

Kristie Batten
Metals X sells Wingellina stake

Under the deal, Metals X will selectively buy back Jinchuan’s 12.9% stake in Metals X, with Jinchuan acquiring 20% of the project to an amount equivalent to the share buy-back. The companies will then...

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