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LONDON, Aug. 3 – Nickel, copper and cobalt miner Cunico Resources has postponed its planned IPO because of current market conditions.
“Cunico Resources announces that, due to current market conditions, its offer of ordinary shares has been postponed until further notice,” said the group.
The miner, with operations in Macedonia, Albania, Kosovo and Zambia, planned to raise $580m, valuing the company at about $2.3bn at the midpoint of its 180p-240p offer price range
