Murchison considers sale of Renison Bell

摘要

SYDNEY - Murchison United is considering the sale of its Renison Bell tin mine in Tasmania, and has received expressions of interest from various potential buyers over the last few months."We are considering these approaches," its md Paul Atherley told MB. None of the potential buyers has reached the stage of conducting due diligence, he said, adding that the possibility of a sale was unrelated to Murchison's announcement last week of a 12.1m A dollars net loss for July-December 2001.Atherley said the company was considering a sale because it wants to focus on its newly acquired copper-tin operation in Portugal. Murchison will pay 78m US dollars for the 49 percent sake that was held by Rio Tinto in Somincor, the holding company for the Neves Corvo mine. The deal is now being finalised.