US EditionERG Denies Sale Talks Amid US Investor James Cameron's $5 Billion Offer
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ERG Denies Sale Talks Amid US Investor James Cameron's $5 Billion Offer
US investor James Cameron has reportedly made a US$5 billion offer to acquire Eurasian Resources Group (ERG), a major Kazakhstan-backed mining company central to the country’s rare earths expansionHowever, the company maintains that no sale discussions are taking place.A letter reviewed in a Reuters exclusive shows that Cameron, a former chair of London-based miner Petropavlovsk, proposed the multibillion-dollar buyout as ERG prepares to play a …
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