Padaeng Industry Plc (PDI) signed a Memorandum of Understanding (MoU) with Australian-based Western Metals Ltd. on November 10, 1995 to acquire 20% shares of the latter company's registered capital of Bt500 million. Western Metals Ltd., a listed company on the Australian Stock Exchange (ASX), operates a zinc mining business in Australia. Its current mining field is located in the western part of the country such as Cadjabut, Coongewa and Kapok. The company is now developing a large scale mine at Blendevale field and is one of the lowest cost mining companies in the world. After the MoU signing, the two partners will conduct a due dilligence which is expected to be finished by the end of December 1995. However, the above investment must seek endorsement from PDI's board of directors meeting. Translated by The Nati