Mining Capital's Alastair Ford gives his take on the news this week that Bezant Resources PLC (LON:BZT) has conditionally agreed to sell an 80% interest in the Mankayan copper project in the Philippines.
It's being sold to Mining and Minerals Industries Holding Ltd which itself has entered into a separate agreement to vend certain mining assets in the Philippines to China Hongxing Sports Limited (CHX), a public company listed on the main board of the Singapore stock exchange.