NewsBite

West Wits to sell Emerald project

West Wits Mining has agreed to sell the Emerald Gold Project and nearby Monarch Resource to Mintails for $7.27 million.

West Wits Mining has agreed to sell the Emerald Gold Project and nearby Monarch Resource, in South Africa, to Mintails for $7.27 million. Part of the consideration will be satisfied through a $3.6 million share buyback of the Mintails and DRD Gold shareholdings at 5¢ a share, resulting in an effective 44 per cent reduction in the capital of the company.

Loading...

Read More

Latest In Mining

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/mining/west-wits-to-sell-emerald-project-20100901-iuzpo