RIU 2003 Dealer of the Year nominee/Creating a healthy balance sheet

摘要

When West Australian-based Straits Resources Ltd bought the Nifty copper mine in WA's Pilbara off WMC Ltd m 1998 the price it paid was dollar 54 million. But when it came to selling the operation to one of India's largest business houses earlier this year, the junior miner collected a "gross consideration" worth an impressive dollar 158.82 million. The sale, which was officially announced in late January, involved Nifty, located 200 kilometres from Marble Bar in WA's east Pilbara, its exploration tenements within the Patterson Province and Strait's interests Maroochydore, some 90 km south-east of the copper mine.