Are You Sirius? Australian Mining Company To Spin Off Non Core Assets
Our Australian readers might be interested in this one. Diversified mining company Independence Group (IGO.AX) recently agreed to acquire Sirius Resources (SIR.AX) for ~ $1.8B AUD. A bold bet given the environment for commodity companies and commodity prices, but Sirius did discover some low cost properties in Australia a few years ago. As part of the transaction, Sirius… Read More »