Meridian Minerals has announced its largest shareholder, China's Northwest Nonferrous International Investment, will acquire the remaining Meridian shares it does not already own, in a deal worth $
North West Mining and Geology Group has agreed to subscribe to Meridian Minerals share placement announced earlier this month to maintain its 41 per cent stake in the company.
The Foreign Investment Review Board has given the greenlight to a $10.5 million investment by a Chinese company into Meridian Minerals, which will apply the funds to its Lennard Shelf zinc project in the Kimberley.
