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James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.
Rox Resources’ joint venture partner Teck Australia has voiced concern today with the company’s proposed sale of its stake in the Reward zinc-lead project to Marindi Metals, after competing bidder IM Medical said last week an exclusivity agreement had been breached.
Rox Resources’ joint venture partner has voiced its concerns with the company’s proposed sale of its stake in the Reward zinc-lead project to Marindi Metals, while competing bidder IM Medical says exclusivity agreements were breached.
Rox Resources has received a competing offer for its stake in the Reward zinc project in the Northern Territory, with Marindi Metals locking horns with Melbourne based IM Medical.
Listed companies IM Medical and Rox Resources have struck a $15 million project deal that highlights the shift in market interest from technology stocks to the mining sector.