(EnergyAsia, March 13 2012, Tuesday) — Thai state energy firm PTT Plc said it now fully owns Australia’s Red Island Minerals (RIM) after acquiring the remaining 66.5% stake through PTT International’s wholly owned subsidiary PTT Asia Pacific Mining Pty (PTTAPM) for US$50.2 million.The Thai company had first rights to acquire the Perth-based RIM which holds…
THAILAND: PTT takes over Australia’s Red Island Minerals for US$50.2 million
Posted on March 13, 2012 by EnergyAsia