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Malaysia Smelting buys 25pc of ZR Network, BUSINESS TIMES
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MALAYSIA Smelting Corp Bhd, one of the world's largest producers of
tin metal, has bought a 25 per cent stake in miner ZR Network Sdn
Bhd,
its first interest in a tin mining company locally.
The purchase, signed yesterday, will give Malaysia Smelting access
to
some 1,000 tons of tin-in-concentrates to be produced soon by ZR Network,
which is taking over Rahman Hydraulic Tin Bhd's tin mine and related
assets
in Perak.
Chief executive officer Datuk Mohd Ajib Anuar said Malaysia Smelting
has interests in tin mining companies in several countries but has
yet
to have one in ...
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