Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore developer Flinders Mines on Monday announced that it had inked an option agreement with New Zealand’s Todd Corporation to divest of its Pilbara Iron Ore project for A$65-million. Flinders would receive A$10-million up-front in consideration for the transaction, and a further A$55-million if Todd exercised its options to acquire the Pilbara Iron Ore project.
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