Crusader finds buyer for Posse mine

August 2, 2017

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ASX-listed Crusader Resources has entered into a conditional sales agreement to divest of its Posse iron-ore mine, in Minas Gerais.

Crusader on Wednesday told shareholders that Inter Invest would pay some A$3.2-million for the asset over a 17-month period, with the sale conditional on Crusader receiving a first payment of A$400 000 by August 10.

Category: General