ISR Capital’s Madagascar mine estimated at US$1.1 bil in new valuation report

SINGAPORE (Oct 24): ISR Capital says a second independent valuer, Al Maynard & Associates, has valued the rare earths mining concession in Madagascar which it intends to acquire, at US$1.11 billion ($1.53 billion).

(See also: ISR completes first half of $12 mil share placement)

(See also: ISR Capital’s new investors pledge not to sell shares for six months)

---

Related Stories

• Southern Alliance Mining eyes diversification into rare earth mining
• Southern Alliance Mining signs MOUs to acquire two rare earth mines in Malaysia
• Reenova to exit tantalum venture, to offload concession for US$6 mil

---