Mozambique Mergers & Acquisitions: Kenmare Resources mulls Iluka bid
London-listed Kenmare Resources has entered into discussions with Australian mineral sands miner Iluka Resources over a potential bid for the Irish miner. The company operatinf Moma rare earths project in Mozambique Nampula province initially rejected the proposed takeover after receiving a nonbinding conditional proposal from Iluka in June, Miningweekly reported.
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