USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
TORONTO, June 21 (Reuters) – M&G Investment Management, the biggest shareholder in Dalradian Resources Inc, said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance.
The C$1.47 per share offer is fair, Jamie Horvat, director of global equities at M&G, told Reuters. M&G owns 12.8 percent of Dalradian.
The transaction also has the support of Blackrock Inc , which owns approximately 10.7 percent of Dalradian, Dalradian said in a statement.
The offer by Orion, a private equity mining firm based in New York, represents a 62 percent premium to Dalradian shares at close on June 20. The miner has a high-grade gold project in Northern Ireland.
(Reporting by Susan Taylor, Editing by Rosalba O’Brien)
