Southern Gold strikes gold above 12g/t in Korea

Southern Gold Limited has completed the first phase of systematic underground channel sampling at its Deokon Gold Project in the central-southwest of South Korea under its strategy to commence work quickly on newly acquired tenure.

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Rio Tinto to sell Grasberg interest

Rio Tinto has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum), Indonesia’s state mining company, for AUD$3.5 billion. Separately, Inalum has signed a binding agreement with Freeport McMoRan Inc. (FCX) in relation to the future ownership and operation of the Grasberg mine.

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