CZR RESOURCES ORD
CZR Resources receives $75m offer for Robe Mesa project as bidding war intensifies
CZR Resources (ASX: CZR) has received a conditional $75 million proposal from three major international iron ore companies for its Robe Mesa project in Western Australia. The unsolicited proposal has been lodged by the Robe River JV, made up of Rio Tinto (ASX: RIO) (53%), Mitsui & Co (33%) and Nippon Steel Corporation (14%). If […]
Fenix Resources bids for CZR to create large-scale iron ore business in WA’s Pilbara
Fenix Resources (ASX: FEX) says partnering with CZR Resources (ASX: CZR) will create a large-scale, diversified mining and logistics business operating in Western Australia’s major iron ore regions. Fenix will bring its $56.1 million in cash and ongoing cash flow from its Mid-West operations to deploy into the development of CZR’s Robe Mesa iron ore […]
Market wrap: ASX 200 dips slightly despite energy rally
Despite a continuing rally for energy stocks on the back of a rising oil price, the Australian share market fell a little lower, following a volatile day on Wall Street. The energy sector was up 0.5% following rising oil prices which spiked to US$79 a barrel after the US and UK launched airstrikes on Houthi […]
CZR Resources strikes $102m deal for Robe Mesa iron ore project
CZR Resources (ASX: CZR) is set to gain new financial flexibility after signing a deal to sell its majority interest in the Robe Mesa iron ore project in Western Australia to a subsidiary of China’s Shenzhen Naao Jianglan Investment Company (SNIC). The $102 million CZR will receive from the sale of its wholly-owned subsidiary Zanthus […]