CAPITAL MARKETS

Japanese eye Mindax

SHARES in Mindax have taken off after the company said it signed a deal with Japan’s Sumitomo Corporation over the Mt Forrest iron project in the Yilgarn region of Western Australia which could be worth up to $A115 million.

Kristie Batten
Japanese eye Mindax

The non-binding heads of agreement gives Sumitomo two months to complete exclusive due diligence on the project for a non-refundable fee of $1 million. The two parties then plan to move to a binding...

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