Aquila, Mineral Resources enter trading halts

Miners' shares halted ahead of announcements about potential transactions.

Aquila Resources and Mineral Resources have been placed in trading halts, pending the release of announcements about potential corporate transactions.

Shares in the miners will remain halted until the start of trade on June 18 or when the announcements are released, whichever is earlier.

Neither miner suggested its announcement was linked to the other company.

Last week, Mineral Resources acquired a 13% stake in Aquila, saying it plans to engage with stakeholders over the West Pilbara iron ore project, and possibly complicating a joint takeover bid from Aurizon and Baosteel for Aquila.