M&A

ERAMET bids for partner as min sands M&A picks up

Mineral sands producer Mineral Deposits is the subject of a US$220 million cash offer from 50:50 joint venture partner ERAMET, with the deal the second in the minerals sands space in the past four months following Base Resources’ US$92 million acquisition of the Toliara project in Madagascar back in December.

Michael Quinn
ERAMET bids for partner as min sands M&A picks up

The bid of A$1.46 per share by ERAMET is a 33% premium to the Mineral Deposits volume weighted average share price over the past month.   Mineral Deposits and ERAMET hold equal stakes in the TiZr mineral...

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