M&A

Magnetite merger for SA iron ore consortium

MAGNETITE Mines will be "one of the most significant sources of high quality magnetite concentrates for the global steel industry" following its merger with Lodestone Equities, the company says.

Andrew Hobbs
Magnetite merger for SA iron ore consortium

That merger will leave current chairman Gordon Toll and Helen Toll with 51.5% of the South Australian iron ore hopeful, under the terms of a framework agreement that formalises the long-planned deal. ...

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