Gulf Alumina accepts Metro’s buyout offer

By Davide Ghilotti
Published: Monday, 05 December 2016

The two companies will combine their respective bauxite reserves which are expected to exceed 95m tonnes of the ore.

Australian bauxite developer Gulf Alumina Ltd has accepted the takeover offer by ASX-listed Metro Mining Ltd, paving the way for the integration of the two companies’ bauxite reserves in the country, Metro announced on 5 December.

The latest development will lead to an unconditional and compulsory...

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