30
Oct
12:13
Tombador Iron to sell Brazilian operation to partner
Australia-based Tombador Iron Limited (TIL) has accepted an offer from PJ Investimentos e Participações (PJIP) for the 100% acquisition of its participation in its mining project in Brazil, Kallanish learns from the miner. The buyer is an affiliate of the current mining contractor at the project.
PJIP will take over the costs and benefits of the Tombador project from 1 November. The acquisition is valued at BRL 10 million ($1.9m). According to the ag…
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