10
Jun
03:37
Red Hill Minerals to receive MinRes second payment
Australian miner Red Hill Minerals has agreed with Mineral Resources (MinRes) that the second payment of AUD 200 million ($132m), pursuant to the terms of sale of its 40% participating interest Red Hill Iron Ore Joint Venture (RHIOJV) to MinRes announced in 2021, will be paid by MinRes on 1 July 2024, Kallanish notes.
Red Hill Minerals says in a statement that the payment follows the MinRes announcement on 21 May 2024 of the delivery of first ore on ship fro…
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