Mincor: Did Twiggy Thwart BHP Offtake?

Mar 30, 2023

∙ Paid

Earlier today (30 March), Mincor Resources NL (MCR AU) said BHP Group (BHP AU) would not agree to amend off-take agreement specifications, and will no longer accept lower-quality ore.
Mincor delivers 100% of its ore to BHP. It will continue to deliver on-specification ore to BHP, but has withdrawn its forward guidance.
Shares rolled over 5.7% to close at A$1.42/share, above Wyloo's unconditional A$1.40/share Offer.

Keep reading with a 7-day free trial

Subscribe to Aussie/Kiwi M&A/Events to keep reading this post and get 7 days of free access to the full post archives.