Mercator Minerals, Intergeo to merge

Dec 12, 2013 | 04:20 PM | Daniel Fitzgerald

Tags  Mercator Minerals, Intergeo Mining, Daselina, Onexim, John Lill, copper, molybdenum, Mineral Park Mine Daniel Fitzgerald

NEW YORK — Mercator Minerals Ltd. will merge with Intergeo MMC Ltd. and receive a substantial cash injection for its Mineral Park copper-molybdenum mine in Arizona.

Mercator and Intergeo have entered into an agreement to "create a new copper-focused base metals company" named Intergeo Mining Ltd., the companies said Dec. 12.

Intergeo is 99-percent-owned by Daselina Investments Ltd., which is part of the Russia-based Onexim Group. Its main development project is the Ak-Sug copper porphyry deposit in southern Siberia.....

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