Mining company Aquila Resources (ASX:AQA) has confirmed it is in talks with possible investors about selling stakes in its Washpool in Queensland and Avonturr project in South Africa. Aquila said it noted recent media speculation in relation to a potential transaction involving Asian investment. Analysts say Aquila is expected to sell between 20 percent and 40 percent of the Washpool project, and 20 percent of Avonturr, with the buyers expected to be steel industry end users.
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