Australia’s national investment fund makes first bet on mining
Australia’s National Reconstruction Fund will invest $26 million to boost mining equipment manufacturing in the state of Queensland.
Azumah Resources Ltd (ASX: AZM) said today it has secured an 11% stake in Castle Minerals Ltd (ASX: CDT) through a holding of 11.081 million shares.
Azumah’s managing director Stephen Stone said the company viewed the holding as a strategic investment that would increase Azumah’s options should any of the growing market-based speculation about consolidation in the West African gold sector unfold.
