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09 Jul

Indonesian billionaire to acquire Australian copper miner

Mach Metals Australia, owned by Indonesian billionaire Anthoni Salim’s Salim Group, has made an AUD 393 million ($265m) offer to acquire Australian copper miner Rex Minerals. The companies signed a scheme implementation deed (SID), under which Mach will acquire all outstanding shares of Rex for AUD 0.47 per share, Rex said in a regulatory filing on Monday. Mach is already a major shareholder of the Australian miner with a 15.8% stake. The offer represents a…
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