Blackstone to spin out noncore gold
ASX-listed Blackstone Minerals on Friday announced plans to spin-out certain of its non-core gold assets into a newly listed vehicle called Codrus Minerals.
“The Codrus spin-out will see a dedicated management team focused on driving value into Blackstone’s non-core assets. Codrus will provide an excellent platform and catalyst for both growth and monetisation of these assets,” said Blackstone MD Scott Williamson.