Perth-based Legend Mining has entered an agreement for the $17.5 million sale of its 90 per cent share in the Ngovayang iron ore project, in the Republic of Cameroon to Indian company Jindal Steel and Power.
Indian conglomerate Jindal Steel and Power has taken a significant stake in Apollo Minerals, part of a $3.6 million capital raising for the Perth-based iron ore explorer.
Rocklands Richfield says it has terminated proposed takeover negotiations with Indian company Jindal Steel and Power after finding the terms and conditions unacceptable.
Indian company Jindal Steel and Power has indicated it is keen to acquire South Perth-based coal producer Rocklands Richfield by matching a $200 million offer by a Chinese entity.
