AVZ Minerals owns a 60 per cent stake in the Manono lithium project in DRC.

AVZ attracts Chinese investor for $15m raising

Africa-focused lithium explorer AVZ Minerals has attracted a Chinese miner for the bulk of a $15 million capital raising, which has been priced to take advantage of a recent doubling in its share price.

In a statement today, Perth-based AVZ said Huayou International Mining, a subsidiary of Shanghai-listed miner Zhejiang Huayou Cobalt, would acquire an 11 per cent stake in the company through the placement of 186 million shares at 7 cents each, worth $13 million.

AVZ also plans to raise a further $1.9 million through the placement of 28.3 million shares at the same price, to institutional and sophisticated investors.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

AVZ Minerals (AVZ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
15thAVZ Minerals810%47%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Other
$0 Issued
Total value as at the date of the transaction
Source: Morningstar


th-AVZ Minerals$2k
489 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from AVZ Minerals

170thKlaus Eckhof$135k
1523rdPatrick Flint$36k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer