Tasman and Flinders cancel merger negotiations

By Nilima Choudhury
Published: Wednesday, 21 May 2014

This merger would have brought together two companies with assets in some of the largest rare earths and graphite deposits in the world. However, now that negotiations have broken down, Tasman and Flinders intention to expand has become public knowledge, which has the potential of developing further alliances with leading producers of industrial minerals.

Rare earths developer Tasman Metals Ltd and graphite company Flinders Resources Ltd have ended merger discussions because both companies were unable to agree on an appropriate valuation for the new company.

Jim Powell, VP for corporate development at Tasman and investor relations at Flinders, told IM that as a larger...

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