Toho Zinc Co. Ltd. Completes Withdrawal from Mineral Resources Business with Share Transfer of Abra Mining Pty Ltd

Reuters

Jun 17, 2025

Toho Zinc Co. Ltd. Completes Withdrawal from Mineral Resources Business with Share Transfer of Abra Mining Pty Ltd

Toho Zinc Co. Ltd. has officially completed its withdrawal from the mineral resources business following the transfer of all shares in Abra Mining Pty Ltd. This move is part of a strategic reorganization plan that included divesting its mining assets, such as the Endeavor and Rasp Mines in Australia. Abra, which faced financial difficulties due to lower-than-expected ore production and adverse weather conditions, entered Voluntary Administration in April 2024. The shares in Abra were transferred to Endurance Mining Pty Ltd, a subsidiary of Taurus Mining Finance Fund, as part of a restructuring plan approved by creditors. The Deed of Release, effective June 4, 2025, ensures that Toho Zinc is released from all obligations related to Abra, thus eliminating future claims risks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toho Zinc Co. Ltd. published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Completes Withdrawal from Mineral Resources Business with Share Transfer of Abra Mining Pty Ltd","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Toho Zinc Co. Ltd. Completes Withdrawal from Mineral Resources Business with Share Transfer of Abra Mining Pty Ltd\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Toho Zinc Co. Ltd. has officially completed its withdrawal from the mineral resources business following the transfer of all shares in Abra Mining Pty Ltd. This move is part of a strategic reorganization plan that included divesting its mining assets, such as the Endeavor and Rasp Mines in Australia. 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