BUZZ-Australia's C29 Metals slumps to record low on Kazakhstan project hurdle

Reuters12-23 13:13

** Shares of C29 Metals C29.AX tumble as much as 51.6% to A$0.045, its lowest level to date

** Kazakhstan rejects Australian miner's application to transfer ownership of land tenement in Ulytau uranium project

** Miner to halt work at project until matter is resolved

** Trading vol of 1.5 mln-plus shares is ~2x the 30-day avg

** Stock ends 47.3% lower on the day, swinging it to YTD losses of 40%

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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