M&A

AMCI snaps up stakes in Red Hill, Giralia

GIRALIA Resources has sold its 16.8% shareholding in Red Hill Iron to American Metals and Coal International, with the private equity miner and trader also buying up a 9.9% stake in Giralia itself.

MiningNews.Net
AMCI snaps up stakes in Red Hill, Giralia

AMCI will take a 9.9% stake in Giralia for $22.9 million and together with the stake in Red Hill Iron, at the $7 per share price AMCI is offering, this could net Perth-based Giralia at least $70 million....

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