Shandong secures 50% Veladero stake

Shandong Gold Mining Co Ltd will pay US$960 million for a 50% stake in Barrick Gold Corp’s Veladero Gold Project in San Juan Province, Argentina. The deal will also see the companies look at jointly developing the nearby Pascua-Lama Gold-Silver Project on the border of Argentina and Chile.

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K92 raises funds for PNG work

K92 Mining has closed, fully subscribed, the non-brokered private placement announced on March 15, for gross proceeds of $10 million. Funds will be used to advance the Kainantu Gold Project in Papua New Guinea.

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Exploration to begin at Oyadao South

Angkor Gold Corp has received notification of the effective date of the Joint Exploration Agreement (JEA) from its partner, Japan Oil, Gas and Metals National Corporation (JOGMEC), to explore Angkor’s Oyadao South licence in Cambodia.

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Sale of New Zealand coal mines finalized

Settlement has been reached in the sale of Solid Energy’s Ohai and New Vale coal mines on New Zealand’s South Island to Greenbriar. The transaction sees all current employees and operations transferring to the new owner.

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