PMEA Blog

Matt Chambers | September 22, 2008

HONG Kong merchant bank Crosby Capital is making another attempt to get a Philippines mining project, following up its takeover tilt at Indophil Resources with a $182 million bid for Australian junior Medusa Mining.

Crosby, funding Alsons Group’s offer to buy Indophil’s stake in Xstrata’s Tampakan copper and gold deposit in The Philippines, said on Friday that it would offer $1.15 cash for every Medusa share.

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