30th Mar 2015 14:31
LONDON (Alliance News) - Strategic Minerals PLC said Monday it is in advanced talks with the vendor of a thermal coal project, and has also signed a letter of intent giving it a six month exclusivity period to undertake due diligence for a coal mine in Jilian Province, China.
The company noted there can be no guarantee either of these discussions will lead to it completing an acquisition.
The news follows a jump in Strategic Minerals share price Monday. Shares in the company are trading up 18.6% at 0.623 pence Monday afternoon, having risen to 0.69 pence earlier in the day.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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