PMEA Blog

Australia’s Indophil Resources NL recommended to shareholders to accept a AUD 1.28 per share buyout offer from Zijin Mining Group and said that the firm’s biggest owner would also accept the offer.

It added that the offer would remove uncertainties and risk associated with the development of the Tampakan project, a copper and gold exploration in the southern Philippines which would be a burden on the firm’s capital resources.

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