27/02/2012 - 13:54

Equatorial accepts $65m offer for African Iron stake

27/02/2012 - 13:54

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Equatorial Resources has accepted South African miner Exxaro’s $65 million offer to purchase its 20.5 per cent stake in takeover target African Iron. Equatorial said its cash holding would increase to more than $90 million following receipt of the considerations from Exxaro.

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