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There is mining industry concern surrounding the proposed acquisition.

Mining industry concerns over Donhad acquisition

The Australian Competition and Consumer Commission has highlighted mining industry concerns regarding grinding media company Moly-Cop’s proposed acquisition of competitor Donhad in its statement of issues.

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Geraldton WA
Hopefully ASIC understands these two companies supply to a world marketplace and compete on a world stage. Our company, Twomeys IMR, supplies mill relining services globally and see grinding media (GM) from all parts of the globe. To compete with low-cost overseas competitors, I am sure the merger makes sense, as the imported product is of good quality and will keep the price in the Australian marketplace competitive. Donhad has a great reputation in Australia for mill bolts and no doubt will maintain that advantage.

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