Todd makes another play for Pilbara iron-ore project

March 17, 2016

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New Zealand’s Todd Corporation has made another play to gain hold of the Pilbara iron-ore project, in Western Australia, this time offering to acquire owner Flinders Mines in an unconditional all-cash off-market takeover offer.

Flinders shareholders in September last year rejected a A$65-million acquisition offer from Todd Corporation to gain ownership of the Pilbara iron-ore project.

Category: General