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Minto idled as Pembridge struggles to close acquisition

Creamer Media Senior Researcher and Deputy Editor Online
LSE-listed Pembridge said on Thursday that it would renegotiate the acquisition terms for the Minto openpit mine and that Capstone Mining would implement a phased care-and-maintenance programme at the Canada-based mine until the acquisition can be closed. Pembridge stated that market conditions had made it increasingly difficult to close the equity financing element of the Minto acquisition on terms that would be favourable to all concerned parties.

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