CAPITAL MARKETS

Union ticks another box

UNION Resources says the awarding to it of a Foreign Investment Licence by the Iranian Government should qualify it for ex-appropriation coverage under the company’s political risk insurance policy with the Australian Government-owned Export Finance Insurance Corp.

Michael Quinn

Union ticks another box

According to Union, the licence “permits” it to invest up to $US682 million into the Mehdiabad zinc project – including the $UA10 million invested to date. It also allows the Mehdiabad Zinc Co, which...

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