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Caspian to acquire assets in Portugal


Published May 28, 2012
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Caspian Holdings provides updates on Zhengeldy Field

Caspian Holdings reports the acquisition of Australian Iron Ore Plc (AIO) and its 100% owned subsidiary Iberian Resources Portugal Recursos Minerais Unipessoal LDA (IRP) for a consideration of €1 million.

The acquisition delivers new tungsten development and exploration assets in Portugal to the Company complementing the near term tungsten production and exploration at La Parrilla in Spain and an additional opportunity in gold exploration.

Tags: Caspian Holdings Plc




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