M&A

Tiger 'hopeful' of sale to Sinomine but making alternate plans in case

WHILE Tiger Resources remains "hopeful" it will be able to conclude the sale of its Kipoi copper-cobalt project in Democratic Republic of Congo to Sinomine HK, it's also working on recapitalisation and restructuring initiatives that could be implemented if the deal falls over.

Kipoi copper operation, DRC.

Kipoi copper operation, DRC.

Tiger said delays with the deal involving Sinomine HK were a function of the "complexity of the transaction". The deal unveiled in January was to see Sinomine HK pay US$260 million for Kipoi (and two...

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