Indian Firm Takes Stake In Meridian Minerals
Zinc mining could return to the Lennard Shelf at Kimberley in Western Australia after local miner Meridian Minerals received financial backing from an Indian company.
Binani Zinc will take a $2 million stake in Meridian as well as providing it with a €6 million loan. The funds will be used to buy the Galmoy zinc-lead processing plant in Ireland and to complete a feasibility study on the Lennard Shelf site.
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