Ansteel to acquire Gindalbie Metals in $25M deal

Chinese steelmaker Ansteel will acquire the remaining 64.11% of Gindalbie Metals it does not already own for about $25 million, gaining full control of the Karara magnetite iron ore project in Western Australia.

“Gindalbie Metals will be purchased by Chinese producer Ansteel in a deal worth around $25 million after demerging its subsidiary Coda Minerals to the shareholders.”australianmining.com.au

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• australianmining.com.auAnsteel to acquire Gindalbie Metals in $25m deal - Australian MiningBen CreaghMar 12, 2019

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