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Eramet to meet big MDL shareholders this week

Peter Ker
Peter KerResources reporter
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French miner Eramet will meet major shareholders in Mineral Deposits Limited (MDL) over the next 48 hours to try to kick-start its takeover bid for the Melbourne-based mineral sands producer.

Eramet and MDL are joint venture partners in a mineral sands business that straddles Senegal and Norway, and investors have bet that Eramet will improve its $287.5 million offer, with shares in MDL closing 18 per cent above the offer price on Friday.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/companies/mining/eramet-to-meet-with-big-mdl-shareholders-this-week-20180601-h10v8b