Resource Capital to buy QMAG

Published: Saturday, 30 October 2004

27  September  2004
Troubled ASX listed Australian Magnesium Corp. Ltd (AMC) is to sell off its magnesite and magnesia operation Queensland Magnesia (QMAG) to US-based Resource Capital Fund III LP (RCF).

RCF is a private equity fund specialising in mining investments. The deal is worth...

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