Tantalum Australia readies Sons of Gwalia bid

Nov 10, 2004 | 07:11 AM | Jo Clarke

Tantalum Australia NL has become the first mining company to openly express an interest in buying all of the tantalum assets of bankrupt Sons of Gwalia Ltd.

Tantalum Australia, based in Balcatta, Western Australia, said in a statement Wednesday that it had appointed KPMG Corporate Finance (Aust) Pty Ltd. to advise it on developing a proposal for submission to Sons of Gwalia's administrators.

"A significant amount of work has already been undertaken in the development of the proposal," the company said in a letter to the Australian Stock Exchange.....

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