Deals
Aquila to Seek Offers for South African Manganese Project
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Aquila Resources Ltd. will seek bids for its Avontuur manganese project in South Africa as part of a plan to raise about A$1 billion ($1 billion) selling assets.
An information document will be sent to more than 20 potential bidders in the next two weeks, Perth-based Aquila said in an e-mailed response to questions from Bloomberg. The project is valued at about A$500 million, according to a June estimate from Patersons Securities Ltd.