Tin miner makes unsolicited offer for Hong Kong-listed partner ahead of Rentails FID
Metals X has lobbed an unsolicited bid for control of its 50% partner in Tasmania's Renison tin mine with a takeover offer for Hong Kong-listed Greentech Technology International.The offer, which values Greentech at A$74 million, aims to see Metals X secure an effective 91% stake in the Bluestone Mines joint venture company that controls Rension.
The long-lived mine, which started producing in the 1960s, is already a globally significant source of tin and is potentially set to increase production by the end of the decade if the long-studied Rentails project is finally given the green light next year.Metals X and its partner are set to lodge the critical environmental approval document with the aim of taking a final investment decision in the tailings recovery project as early as late 2026.
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