According to a report today, there is about half a dozen parties currently interested in Moly-Cop, and whether the grinding media business is bought or floated is expected to be known in October.
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Analysts selling off Moly-Cop to visit site this week
A group of research analysts will attend briefings at Moly-Cop’s Waratah headquarters, as they prepare to write pre-marketing reports and efforts to sell the grinding media business step up.
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ASX float for Arrium’s Moly-Cop could come soon
An IPO for Arrium’s grinding media business, Moly-Cop, could come soon, according to reports that say a sale is supported by fund managers.
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