Wednesday 8 July 2015

Otmane El Rhazi : Centaurus sells Candonga as it searches for new opportunities

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

ASX-listed Centaurus Metals on Wednesday announced that it would divest of its Candonga direct shipping ore (DSO) project in Brazil to a private investor in a deal worth A$1.7-million In April this year, the metals developer announced that it would explore for opportunities to diversify its asset base in Brazil, while also hunting for joint venture or outright buyers for the Candonga project, in an effort to reposition the company outside of the bulk commodities sector.

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