Posted in | News | Non-Ferrous Alloys and Metals | Minerals | Precious Metal | Mining

Xstrata Take Over of MIM on Hold

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Jun 13 2003

The proposed $4.93 billion take over of Australian-based MIM Holdings by Swiss based Xstrata has been put on hold pending approval by the Queensland Supreme Court.

Justice Brian Ambrose reserved his decision until early next week, while he went over submissions, which would give him time to assess the large volume of data submitted.

If approved, MIM shareholders will receive the $1.72 per share six days after the court approval date.

MIM Holdings are based in Australia but have operations across the globe. They are a minerals and mining company who specialise in copper, coal, lead, zinc, silver and gold.

For more information on copper, lead, zinc, silver, and gold, click on the appropriate link.

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