Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia-based iron-ore developer Centaurus Metals has announced plans to cut director fees as part of its cost saving initiatives following a capital raise in February. Centaurus raised A$1.1-million through a share placement last month, and announced plans to raise a further A$3.5-million through a rights issue to advance the development of its Candonga direct shipping ore (DSO) project, in Brazil.
Australia-based iron-ore developer Centaurus Metals has announced plans to cut director fees as part of its cost saving initiatives following a capital raise in February. Centaurus raised A$1.1-million through a share placement last month, and announced plans to raise a further A$3.5-million through a rights issue to advance the development of its Candonga direct shipping ore (DSO) project, in Brazil.
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