Rox and Marindi reach accord

ASX-listed Marindi Metals and Rox Resources have buried the hatchet, with the two companies reaching an agreement over Rox’s sale of its interest in the Reward joint venture (JV). Rox in August last year accepted Marindi’s A$21-million offer for its 49% share in the Reward project, subject to JV partner Teck Resources not exercising its option over the project. Teck can earn a 70% interest in the Reward project by spending A$15-million by 2018.