CAPITAL MARKETS

OZ keen to maintain IMX stake

COPPER-gold miner OZ Minerals will participate in IMX Resources’ proposed $A28.8 million placement to Taifeng Yuanchuang International Development Co, in order to maintain its 13% stake in IMX.

Kristie Batten
OZ keen to maintain IMX stake

IMX and OZ signed a heads of agreement for a joint venture in November, under which OZ has a one-off right to maintain its shareholding in IMX for 12 months by participating in any placements. OZ will...

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