Tuesday, October 04, 2005
Mano and Petra to merge – market report
Story: Petra Diamonds, the UK-listed mining business, has announced that it is to merge with Mano River Resources, according to a market report in the Guardian. With a Sierra Leone joint venture between the two already set to begin production in 2006, Petra will now be able to exploit diamond assets in Guinea and Liberia, the unsourced report said.
It noted that Mano owns gold assets which will reportedly be put on the market in the future. London-listed Mano River has a market capitalisation of GBP 32.85m (EUR 48.4m).
Source: The Guardian
Value: £32m (Mano River market cap)
It noted that Mano owns gold assets which will reportedly be put on the market in the future. London-listed Mano River has a market capitalisation of GBP 32.85m (EUR 48.4m).
Source: The Guardian
Value: £32m (Mano River market cap)
