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Noble sells JV stake to Australian associate for US$1m in shares plus future royalty

Noble's shareholding in Aspire rises to 18.2% from 9.54% after transactions are completed

Published Fri, Sep 1, 2017 · 09:50 PM

Singapore

NOBLE Group has sold its stake in a joint venture Coalridge Limited for US$1 million to Australia-listed Aspire Mining in the form of Aspire's shares and options, plus a future royalty.

Coalridge Limited, an investment holding company, is a joint venture between Noble Group and Australia-listed Xanadu Mines, a copper and gold exploration firm with several advanced projects in Mongolia.

In an exchange filing on Friday, Noble said that its indire…

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