BRIEF-Mineral Resources says monetises Woodie Woodie manganese rights

Tue, 04 Mar - 4:55pm

March 4 (Reuters) - Mineral Resources Ltd MIN.AX :

* MRL monetises Woodie Woodie manganese rights MIN.AX

* Reached an agreement with Consolidated Minerals Pty Ltd which settles legal

issues between them

* Agreement also provides for manganese tailings agreement between CML and co's

unit process Minerals International Pty Ltd to come to an end

* Says settlement agreement includes a cash payment of $44 million by CML to

MRL as well as the transfer of ownership of the Coobina tenements

* Financial transaction is not considered material to co's financial results

* Source text for Eikon News Search ID:nASX6sC3CY

((For more news, please click here MIN.AX )) ((Bangalore Newsroom; +91 80 6749 1130))

URN: 
urn:newsml:reuters.com:20140304:nWNBS00CPN:8
Topics: 
CMPNY CLJ INDS MINE BLR DEAL1 RTRS BUS MIN BMAT REGS MEMI IND AU MET CMSS BSUP ASIA LEN JUDIC GEN BACT MAC MTAL ISER

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