Aditya Birla Minerals Limited
(ASX:ABY) is considering the sale of its operations and services in an effort to maximise value for shareholders.
The mining company announced it had engaged Moelis Australia Advisory Pty Limited to assist Aditya Birla Minerals with a strategic review and act as an exclusive financial advisor.
The company said the review will focus specifically on maximising value for shareholders. In an announcement to the ASX Aditya Birla Minerals noted that 'all strategic options will be considered, including a sale of the company.'
Aditya Birla Minerals recently entered into a binding agreement with Lighthouse Minerals Holdings Pty Ltd for the sale of subsidiary company Birla Mt Gordon Pty Ltd.
Aditya Birla Minerals Limited reported a net loss of $219.7 million for the year to 31 March 2015.
