South32 has exercised its pre-emptive rights to acquire up to an additional 25% shareholding and related rights in Mozal Aluminium, from Mitsubishi’s MCA Metals. In doing so, the Sydney- and Johannesburg-listed diversified mining company will match a headline purchase price of $250-million to acquire the interest, taking South32’s ownership of the smelter up to 72.1%.
from Engineering News | Home https://ift.tt/39SoDt0
