Indophil becomes a takeover target again

Barry FitzGerald

A $550 million takeover of the Melbourne-based Philippine copper-gold group Indophil Resources is back on the cards after the July withdrawal by Chinese group Zijin with its $1.28-a-share offer.

Indophil, a 37.5 per cent partner in the world-class Tampakan copper-gold project in the Philippines, said yesterday it was in “dialogue with a range of interested parties in relation to a potential corporate transaction”.

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