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Article: BUSINESS IN ASIA TODAY - NOV 2, 2001.
- Article from:
- AsiaPulse News
- Article date:
- November 2, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on Nov 2, 2001. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
AUSTRALIA'S ILUKA RESOURCES SELLS TIN MINING UNIT TO MALAYSIAN FIRM
SYDNEY - Iluka Resources Ltd (ASX:ILU), an Australian mineral sands mining group, has sold its tin mining interests to the Malaysia Smelting Corporation Bhd (MSCB) for up to A$40 million (US$20.06 million). MSCB, which is a publicly-listed associate of Malaysian Mining Corporation Bhd and The Straits Trading Co Ltd, will buy Iluka's 75 per cent stake in PT Koba Tin. The deal includes a US$14 ...