Moly hopes to close Gulf Alumina deal by Dec
Published: Tuesday, 01 November 2016
The developer aims to relist the company on the ASX through the acquisition of the Gulf Alumina bauxite project at Skardon River, Australia.
Australian miner Moly Mines is expecting
to have its proposed buyout of junior bauxite miner Gulf
Alumina approved in December, when the company’s
shareholders will vote on the transaction.
In its latest quarterly activities report, Moly set a
deadline before the end of 2016 to receive internal approval