INVESTMENT - IFC renews Baobab commitment

Baobab Resources’ Tete joint venture (JV) partner IFC, a member of the World Bank Group, has committed to supporting the ongoing definitive feasibility study (DFS) work program through a pro rata contribution of about US$1 million. Baobab is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province, one of Africa’s fastest growing mining centres.

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KYRGYZ REPUBLIC - Centerra enters non-binding MoU

Centerra Gold has entered into a non-binding MoU with the Government of the Kyrgyz Republic in connection with a potential restructuring transaction under which Kyrgyzaltyn JSC would exchange its 32.7% equity interest in Centerra for an interest in a joint venture company that would own the Kumtor Gold Project.  1

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KYRGYZ REPUBLIC - KGL to farm-out Bashkol

1 KGL Resources, formerly Kentor Gold, will farm-out its Bashkol Gold-Copper Project in the Kyrgyz Republic to Robust Resources, allowing it to focus on the exploration and development of the Jervois copper project in Australia’s Northern Territory.

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