Iron ore magnate Andrew Forrest has injected $12 million into a WA uranium exploration company. Source: AAP
MINING magnate Andrew Forrest has invested $12 million in a prospective West Australian uranium miner aiming to be in production by the end of 2016.
Mr Forrest has paid Energy and Minerals Australia (EMA) $12 million for a 28 per cent stake in the company, which owns land in central Western Australia containing four deposits of uranium.
The company has also reached agreement with its lenders to remove $24.5 million of debt, and it says the two deals will help set it up to get its Mulga Rock project underway.
EMA is run by Julian Tapp, a former executive at Mr Forrest's Fortescue Metals Group, and former BC Iron boss Mike Young.
"My investment is a strong vote of confidence in the executive management team of Mike Young and Julian Tapp with whom I have had a long and successful working relationship," Mr Forrest said.
Mr Forrest, who has a net worth of an estimated $5.7 billion, last week paid $40 million for Harvey Beef, which processes beef for local and overseas markets.
Anda sedang membaca artikel tentang
Forrest hands $12m to uranium explorer
Dengan url
http://cucidollaran.blogspot.com/2014/05/forrest-hands-12m-to-uranium-explorer.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Forrest hands $12m to uranium explorer
namun jangan lupa untuk meletakkan link
Forrest hands $12m to uranium explorer
sebagai sumbernya
0 komentar:
Posting Komentar