[miningmx.com] — ANTHRACITE coal miner Petmin on Tuesday said financial services group Rand Merchant Bank held 5.20% of the company’s share capital.
Petmin said on Monday that it had invested a further $1.5m in Iron Bird Resources, the sole owner of the Mt Ginka iron ore exploration licence in northern Liberia.
The investment takes Petmin’s total investment in Iron Bird to $2m and concludes phase two of Petmin’s investment under the joint venture agreement with London-listed metals exploration company Hummingbird Resources. Both companies now hold a 50% stake in Iron Bird.
