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Smorgon stoush triggers gold mine fire sale

Peter Ker
Peter KerResources reporter
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A 40 per cent stake in Victoria’s Stawell gold mine is up for sale after a syndicate of Hong Kong investors was pushed into insolvency by their partners within the powerful Smorgon family.

The Victor Smorgon Group controls 60 per cent of the Stawell gold mine, which was successfully revived in 2019 with the support of significant amounts of Chinese money.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/companies/mining/smorgon-stoush-triggers-gold-mine-fire-sale-20241219-p5kzow