IGO selling out of New Century Resources
Perth-based mining company IGO Limited is offloading its 18.4 per cent stake in Queensland zinc producer New Century Resources.
It comes just months after IGO Limited invested in New Century and entered a strategic relationship for the companies to assess opportunities within the Century zinc operation tenements and other mining assets.
Those opportunities have included New Century's foray into battery metals with its proposal to purchase the Goro nickel and cobalt mine in New Caledonia.
New Century said today. . .
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