Highlights
- The tin producer is working to secure control of the partner that shares its Tasmanian mine.
- Strong prices have built a large cash pile with no corporate debt.
- A formal review of capital returns is planned early next year, and no GreenTech agreement has been reported.
Metals X
is pressing its pursuit of GreenTech, the delisted Hong Kong group that shares the Renison Bell tin mine, with reported talks following a September board shake-up at the target and tin prices swelling the Australian miner's cash reserves. As Metals X continues operating within the All Ordinaries, growing attention is also being directed towards ASX Metal and Mining Stocks as companies across the sector navigate changing market conditions.
Metals X is among the All Ords names drawing attention in ASX today coverage.
A joint venture with a complicated partner
Renison Bell, on Tasmania's west coast, is among the world's most significant tin operations. It sits inside a joint venture split evenly between Metals X and a subsidiary largely controlled by GreenTech, the partner whose Hong Kong listing was cancelled in August after a long suspension.
An extraordinary meeting of GreenTech owners in mid...