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Chinese group in bed with Abra

WITH a view to branch outside of its namesake deposit in Western Australia and possibly head onto Asian turf, Abra Mining has struck an alliance with China-based investment group AP Energy to acquire, explore and develop resource projects both in Australia and Asia.

Rebecca Lawson
Chinese group in bed with Abra

Following a trading halt that was enacted yesterday, Abra announced it had entered into an agreement with AP Energy, whereby the latter will invest $7.98 million in Abra shares at an average price of 27.5c...

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