# Toho Zinc to acquire 40% stake in Galena Mining's Abra Base Metals Project for $65.5M

Galena Mining has agreed to sell a 40 percent stake in its subsidiary Abra Mining, owner of the Abra Base Metals Project in Australia, to Toho Zinc for A$90 million ($65.5 million).

- Type: Acquisition
- Announced: 2019-02-05
- Where: Abra Base Metals Project, Australia, Australia
- Value: $65.5M
- Status: announced
- Products: base metals
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Toho Zinc](https://endata.com/companies/37216.md) (acquirer)
- [Galena Mining](https://endata.com/companies/37217.md) (target)
- [Abra Mining](https://endata.com/companies/37218.md) (target)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news_worldwide/P1790), 2019-02-11: "Galena Mining has agreed to sell a stake of 40 percent in its subsidiary Abra Mining, the owner of the Abra Base Metals Project in Australia, to Toho Zinc for A$90m ($65.5m)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.