Consolidated Minerals

A$77m Recommended Takeover Offer for Reliance Mining

March 2006

Consolidated Minerals was a producer of manganese and chromite looking to expand its resource into other stainless steel materials. Azure Capital advised Consolidated Minerals in approaching Reliance Mining, the owner of the Beta Hunt and East Alpha nickel mine in Kambalda.

Azure led the negotiation of the recommended offer over the Christmas break when markets were closed and managed efficient completion of the transaction over the following two months.