Australian miner Iluka Resources has ended talks to acquire Kenmare Resources, which is now planning a capital raising and debt restructuring to secure its future as an independent company.
Kenmare, which operates the Moma zinc mine in Mozambique, said it had not proved possible for Iluka to satisfy certain of its pre-conditions and it is now focused "on securing the independent future of the company in the interests of all its stakeholders". Shares in the...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team