CAPITAL MARKETS

Sandfire out of reach for OZ

ANY designs OZ Minerals might have had on Sandfire Resources have been stymied today, with the announcement the Western Australian market darling has added a new substantial holder to its register and signed an offtake deal which may limit the options of potential predators running their eyes over the stock.

Nick Evans
Sandfire out of reach for OZ

Sandfire announced this afternoon it had signed a share placement and offtake deal whereby Korean smelting giant LS-Nikko will take a 12.5% stake in the company and acquire the right to buy up to 45% of...

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