Gold miner Iamgold to sell niobium mine for $500 mln: Reuters
Iamgold Corp has agreed to sell its niobium mine in Québec to a group of companies led by Canadian investment firm Magris Resources Inc for US$500 million in cash, to focus on its core gold mining business, Reuters reported. The deal is one of a handful of private equity investments in the mining sector, and indicates that these firms are still keen on finding bargains in an industry that has been battered by a broad slide in metal prices.
3 October 2014•2 mins read
