23
Feb
00:17
CuFe acquires remaining 40% stake in JWD project
CuFe has increased its interest in the JWD iron ore mine from 60% to 100% via the issue of 150 million CuFe shares and refunding historical cash contributions, Kallanish notes.
The firm has entered a binding agreement with entities associated with its major shareholder, Gold Valley Group (GVG) to acquire the remaining 40% joint venture interest in the JWD iron ore project
Under the agreement, CuFe will aslo restructure various other obligations that exist betwe…
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Very good overview of the weekly steel market.
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