Mineral Commodities, via its wholly owned subsidiary MRC Graphite (Norway) Pty Ltd., has a 90% interest in the issued capital in Skaland Graphite AS (“SKA”). Whilst the Group controls 90% of the share voting power, it has been determined that the Group effectively has 100% control due to its control over the relevant activities for accounting purposes, controls the management of SKA, and also controls the Board of SKA.
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