澳大利亚MHM公司并购AMC公司，意在开采几内亚铝土矿

澳大利亚MHM公司并购AMC公司，意在开采几内亚铝土矿

澳大利亚MHM Metals公司近日与AMC（Alliance Mining Commodities）达成并购投资意向。根据协议，双方今后8周内将各自完成尽职调查，并起草并购合同条款。

   AMC公司是一家私营百慕大公司，在几内亚博凯获得Koumbia铝土矿开采权，AMC在该项目中占有90%的股权，几内亚政府占10%的股份。

截止目前，AMC公司已经几内亚KOUMBIA铝土矿项目上投资了4000万美元，用于勘探、探矿、矿体定位、可研、环评等。

                             驻几内亚使馆经商处

                             2016年11月19日

MHM Metals to create bauxite company through merger with AMC

MHM Metals has proposed a merger with Alliance Mining Commodities to create a new ASX-listed direct shipping bauxite company.

MHM Metals has entered into a merger term sheet with Alliance Mining Commodities, a privately owned Bermudan company that owns a 90% interest in the world class Koumbia bauxite project in the Republic of Guinea.

The proposed merger with AMC follows an extensive review of available investment opportunities in the resource sector that can provide an opportunity to apply MHM Metals’ balance sheet and management expertise to generate returns for shareholders.

MHM believes that the proposed merger with AMC provides a unique opportunity to use MHM’s existing management’s experience in the development of bulk commodity and infrastructure projects to create a new, ASX-listed direct shipping bauxite producing company in the short to medium term.

The proposed merger will be implemented by way of a scrip exchange whereby MHM will acquire 100% of the shares in AMC in exchange for the issue of MHM shares to existing AMC shareholders at an indicative merger ratio of 15% MHM:85% AMC, subject to MHM maintaining net assets of not less than $7 million at the time of signing the transaction documentation.

MHM and AMC have agreed to an exclusivity period of eight weeks (subject to a fiduciary carve-out) to enable both parties to complete their respective due diligence enquiries and to finalise the binding terms of the proposed merger.

AMC’s main asset is a 90% interest in the Koumbia project in Republic of Guinea. Itt is located in the world renowned Boke Bauxite belt of Guinea, a globally significant region for premium quality direct shipping bauxite. The remaining 10% interest in the project is held by the government of Guinea.

MHM Metals Limited

Final delivery of salt slag to MHM’s wholly owned subisidary Alreco from Alcoa was received in March.

Alreco is now focused on the cleanup of its Buckley Grove Property.

Alreco expects to receive the final cash receipt from Alcoa during the month of April.

In the pursuit of a business capable of becoming MHM’s principal long term undertaking, the Company will focus its efforts on identifying and assessesing opportunities in the mineral resources sector.

The Company will also consider third party originated transactions capable of driving shareholder value.

This endeavour will be funded through MHM’s residual cash balance post cleanup of the Moolap Plant in addition to any future receipts of R&D Tax rebates, property sales and litigation awards.

To date the company has assessed a number of opportunities and is confident that it is well placed to execute a transaction which unlocks shareholder value.

MHM Metals recycles salt cake and black dross – by-products from the secondary aluminium industry (re-melting of recycled aluminium). These by-products have traditionally been landfilled; however environmental and regulatory pressures are closing off the landfill option.

MHM commercially processes the salt cake and black dross into aluminium, a salt and potash blend and aluminium oxide – all valuable commodities to be re-used. The process is 'closed-loop' with no waste going to landfill, and is cost competitive compared to landfill.