Cape Lambert sells stake in Lady Loretta

News by BMI Editorial

Australian resources and investment company Cape Lambert Resources has announced that its subsidiary Cape Lambert Lady Loretta Pty Ltd has entered into an agreement with Noranda Pacific Pty Ltd, a wholly-owned subsidiary of Xstrata, to sell its 25% joint venture interest in the lead/silver/zinc Lady Loretta project in northwest Queensland for A$30M in cash.

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Business Business/Commerce Miscellaneous Materials & Commodities Mergers/Acquisitions/Restructuring Australasia and Oceania Australia Cape Lambert Resources Lead Places Queensland Xstrata Zinc

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