Noventa to sell HAMC Minerals and cut 145 jobs

Shares in AIM-listed tantalum concentrate supplier Noventa plunged on Monday after it said it would be forced to sell its HAMC Minerals business and initiate a redundancy programme that would affect around 50 per cent of staff within its operating companies.

Shares in AIM-listed tantalum concentrate supplier Noventa plunged on Monday after it said it would be forced to sell its HAMC Minerals business and initiate a redundancy programme that would affect around 50 per cent of staff within its operating companies.

The group said it expects that all action in relation to the redundancy programme, which will affect around 145 people, will be completed in the second half of April.

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