Worker killed at Galaxy plant
Nov 27, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --Australian-listed Galaxy Resources has informed the market of a fatal accident at a plant it owns in China. One person is dead and 10 more have been injured at the lithium carbonate factory near Shanghai, and Galaxy MD Iggy Tan has travelled to Jiangsu Province to manage the crisis. The facility had only been opened in mid-2012, after a delay of more than 12 months. Galaxy recently unveiled plans for a capital sourcing move worth A81m. Some four fifths of this will come from the East China Mineral Exploration & Development Bureau, which will then hold 19.8% of Galaxy. The rest of the share issue has been taken up by UK fund manager M&G Investments.
Publication Date: 28 November 2012
GALAXY RESOURCES LIMITED - ASX GXY
EAST CHINA EXPLORATION AND DEVELOPMENT BUREAU
CHINA.NATIONAL DEVELOPMENT AND REFORM COMMISSION
AUSTRALIA.FOREIGN INVESTMENT REVIEW BOARD
M&G INVESTMENT MANAGEMENT LIMITED
BRITISH STANDARDS INSTITUTION
ASX LIMITED - ASX ASX
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