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MinRes in $400M iron ore deal

Acquisition part of company's big expansion plans

Kristie Batten
Red Hill is close to Bungaroo South (pictured)

Red Hill is close to Bungaroo South (pictured)

Once Red Hill obtains shareholder approval, MinRes will pay the company A$200 million, funded by its existing cash balance. A further $200 million will be due on the first shipment of iron ore, while...

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