Xstrata Queensland Limited said it is not happy at the result of the shareholder vote on the Resolution at the Indophil Resources General Meeting today in Melbourne. For full story, click here For Indophil’s website, click here
The shareholders of Indophil Resources have voted overwhelmingly to sell the junior’s only major asset despite collapsing global markets. For full story, click here For company’s website, click here
Xstrata Pic, the Anglo-Swiss mining group, announced that they would be increasing their stake in Indophil Resources NL by just under 20 percent at 17.8 percent. Indophil’s shares dropped due to lack of confidence in a competing bid. Xstrata, which had been in a bidding war for Indophil, said it bought a 17.8 percent stake [...]
One of the world’s largest untapped copper deposits suffered setbacks after an armed gang attack. The mine exploration rig at Tampakan copper project in the Philippines was set on fire by the attackers. The mine is owned by Xstrata Copper and Indophil Resources. The Tampakan lode, with 11.6 million tons of copper and 14.6 [...]
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