Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed junior Equatorial Resources on Friday announced that it had entered into a conditional sales agreement with a subsidiary of European commodities trader Interalloys Trading to divest of its Mayoko-Moussondji iron project, in the Republic of Congo. Interalloys subsidiary Midus Global would acquire the project for A$5-million in cash, as well as a 2% royalty over all iron-ore produced and sold at the Mayoko-Moussondji operation.
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