Sparton to buy Chinese vanadium producer
Apr 13, 2011 | 04:05 PM
| Thorsten Schier
Tags
Sparton,
VanSpar,
Jiangxi,
vanadium,
vanadium pentoxide,
China,
Canada
NEW YORK — Canadian exploration company Sparton Resources Inc. has agreed to buy a majority stake in Chinese vanadium pentoxide (V2O5) producer Jiangxi Rentian Mining Co. in a bid to expand into the growing market for specialty steel alloys.
Sparton’s 74.2-percent-owned subsidiary Van Spar Mining Inc. has signed the exclusive option agreement to pay 28.76 million yuan ($4.4 million) and settle Rentian’s debt in exchange for an 80-percent interest in the company.
Rentian holds various rights and assets including two mining licenses for vanadium deposits and a new 1,000-tonne-per-year capacity vanadium pentoxide processing plant in Jiangxi Province, China.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here