Gulf Alumina to accept Metro’s takeover offer

By Davide Ghilotti
Published: Thursday, 17 November 2016

The board of the junior bauxite miner sees Metro Mining’s offer as a better deal against a previous buyout offer by Moly Mines.

Australian explorer and miner Metro Mining Ltd is winning the race to acquire junior bauxite developer Gulf Alumina Ltd, whose board has approved its takeover offer over a separate bid by rival miner Moly Mines Ltd.

The board of Gulf...

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