Ironsands miner Trans Tasman eyes capital-raising of up to US$500M by mid-2014

Thu, 28 Nov 2013

By Pattrick Smellie Nov. 28 (BusinessDesk) – Trans Tasman Resources, which plans to mine ironsands off the southern Taranaki coast, is preparing to raise as much as US$500 million in debt and equity from a combination of existing and new shareholders, and prospective Chinese customers in mid-2014. TTR chairman and chief executive Tim Crossley told BusinessDesk the company has just completed an interim capital-raising of US$11 million from existing shareholders to complete both project design and the approvals processes now under way for a min...

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