RHI halts acquisition of magnesite plant and mining rights in Turkey
Published: Thursday, 02 October 2014
The refractory company said that contractual conditions for the acquisition of mining rights over a magnesite deposit in Turkey were not fulfilled, and it has therefore decided not to pursue the acquisition. RHI will now have to look for alternative sources in order to continue being as self-sufficient as possible in sourcing raw materials.
refractory manufacturer RHI AG announced it will not pursue
acquisition of rights to mine
magnesite in Erzurum, Turkey.
The company explained that it halted its purchase of the
rights, as contractual conditions required by Magnesit Anonim
Sirketi, RHI’s Turkish subsidiary, were not
The contract signed between...