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MRE Metrics Real Estate Multi Strategy Fund

1.945
-0.005 (-0.26%)
13 Jan 2025 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Metrics Real Estate Multi Strategy Fund ASX:MRE Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -0.26% 1.945 1.945 1.95 1.95 1.94 1.95 37,724 03:39:35

Glencore Bids For Full Control Of Minara, Valuing Miner At A$1.02 Billion

24/08/2011 1:26am

Dow Jones News


Metrics Real Estate Mult... (ASX:MRE)
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Swiss-based commodities trader Glencore International PLC (GLEN.LN) said Wednesday it will offer 87 Australian cents per share to buy out minority shareholders in Minara Resources Ltd. (MRE.AU). The bid values the Australian nickel miner at A$1.02 billion.

Minara, which produced 14,625 metric tons of nickel from its Murrin Murrin mine in the first six months of the year, was already 72.99% held by Glencore, and a regulatory statement released Wednesday said the stake had now risen to 73.44%.

Glencore also owns 60% of Murrin Murrin, Minara's only significant mining asset.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

1 Year Metrics Real Estate Mult... Chart

1 Year Metrics Real Estate Mult... Chart

1 Month Metrics Real Estate Mult... Chart

1 Month Metrics Real Estate Mult... Chart