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Tungsten Miner’s Stock Jumps as Billionaire Forrest Buys Stake

EQ Resources Ltd. shares surged after mining billionaire Andrew Forrest agreed to acquire a 16.8% stake in the Sydney-listed tungsten producer from Oaktree Capital Management LP.

This article was originally published by Bloomberg Markets and is republished here under license.

EQ Resources Ltd. shares surged after mining billionaire Andrew Forrest agreed to acquire a 16.8% stake in the Sydney-listed tungsten producer from Oaktree Capital Management LP.

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