MetroCoal Limited Raised Interest in Cape Alumina
CHEMMONITOR.COM - Australia-based coal company MetroCoal Limited has enhanced its stake in Australian pure-play bauxite company Cape Alumina. Currently, the stake of MetroCoal is 57.22%, if compared to the previous 46.04% stake. MetroCoal bought Cape Alumina shares for 0.6 cent per one share. MetroCoal Limited is in plans to join the administrative operations of both companies.