Kazakhmys acquires Koksay project

Koksay will be Kazakhmys’ third major growth project and the purchase price is US$260 million in cash of which $65 million has been deferred. Of the deferred amount, $30 million is payable on January 1, 2015 and $35 million on July 31, 2015. The second instalment is subject to confirmation of reserves.

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EBRD takes Altan Rio stake

ALTAN Rio Minerals has closed a private placement with the European Bank for Reconstruction and Development (EBRD) for gross proceeds of $999,960. Following closing of the placement EBRD holds 18.7% of the issued and outstanding common shares of the company.

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Pronto looks to growth in Asia

PRONTO Software is a leading ERP provider in Australia and is using its proven technology and dedication to high service standards to expand its Asian footprint. Asia is a new mining frontier and Pronto is determined to develop in the region, according to reseller manager Albert Lau.

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