MinRes lands Lucky Bay garnet asset - Australian Mining

MinRes lands Lucky Bay garnet asset - Australian Mining

Image: piter2121/stock.adobe.comMineral Resources (MinRes) has executed a binding asset and share sale agreement with administrators of Resource Development Group (RDG). The agreement sees RDG assets, including the Lucky Bay garnet mine in Western Australia, come under MinRes ownership following creditor approval earlier in September. The mine, located at 35km south of Kalbarri and 530km from Perth, has a production capacity of 130,000 tonnes pe…

Mineral Resources to acquire WA garnet miner - Trailer Magazine

Image: Mineral Resources.Mineral Resources (MinRes) has executed a binding Asset and Share Sale Agreement with a garnet miner based in Perth, Western Australia. Under the agreement, MinRes will acquire Resource Development Group Limited’s (RDG) assets. This includes the Lucky Bay garnet mine following creditor approval of MinRes’ proposed Deed of Company Arrangement (DOCA) proposal on 1 September. Details of MinRes’ DOCA proposal were contained …