China Mining International Ltd. (SG:BHD) has released an update.
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China Mining International Ltd announces the disposal of its entire 40% stake in Aero Wind Properties Pty Limited, which holds the rights to the Thabazimbi Mine in South Africa. This move comes as the mine awaits a mining license and is challenged by significant capital requirements and volatile iron ore prices. The decision aligns with the company’s strategy to manage risk exposure after agreeing not to fund further development of the mine.
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