Golden Energy JV completes acquisition of Australia gold mine

The JV company, Ravenswood Gold Group, comprises Gear's wholly-owned subsidiary, Golden Investments II, and Raven Gold Nominee, which is the trustee of investors managed or advised by EMR.

In a previous bourse filing, Gear said Raven Gold Nominee would buy the mine for up to A$300 million . In its latest filing on Tuesday, Gear said Raven Gold Nominee had paid former mine owner Carpentaria Gold a completion payment of A$50 million in cash, plus a working capital adjustment of A$1.6 million in cash.

Ravenswood is about 130 kilometres south of Townsville in Queensland. It is an existing operation with"significant" expansion potential to become a large-scale, low-cost and long-life producer, Gear said in an earlier filing.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Singapore, Japanese companies tie up to explore hydrogen as energy sourceSINGAPORE (THE BUSINESS TIMES) - Five Singapore and two Japanese companies on Monday (March 30) signed a memorandum of understanding (MOU) to develop ways to use hydrogen as a low-carbon energy source in the city-state.. Read more at straitstimes.com.
La source: The Straits Times - 🏆 8. / 63 Lire la suite »