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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Minco | LSE:MIO | London | Ordinary Share | IE0004678326 | ORD EUR0.0125 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.65 | 2.50 | 2.85 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
Xstrata PLC (XTA.LN), a global diversified mining group, said Wednesday its unit, Xstrata Zinc Canada, has agreed to buy the remaining 23.6% interest in the Pallas Green property in Ireland belonging to its current joint venture partner in the project, Minco PLC (MIO.LN) for $19.4 million.
MAIN FACTS:
-Under the agreement, Xstrata Zinc will become the sole owner of the project at Cahernconlish, Limerick County in the Republic of Ireland.
-Exploration efforts have identified significant zinc mineralization at the Pallas Green property, which is at pre-feasibility study stage.
-As of Dec. 31, 2010 the JORC compliant inferred resource estimate is 25.9 million tons with 7.51% zinc and 1.38% lead at a 4% cut off (8.89% Zn eq).
-Xstrata shares closed in London Tuesday at 1349 pence valuing the company at GBP40.01 billion; Minco shares closed at 4 pence valuing the company at GBP14.88 million.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
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