CuDeco has moved to quash uncertainty over funding for its Rocklands copper mining plans, signing Hong Kong-based China Oceanwide up as a customer and equity investor.
CuDeco has moved to quash uncertainty over funding for its Rocklands copper mining plans, signing Hong Kong-based China Oceanwide up as a customer and equity investor.
The deal will see China Oceanwide buy $130 million worth of CuDeco shares at above market rates in return for a 19.9 per cent stake, subject to Foreign Investment Review Board approval for the last 5 per cent.
