Minotaur Exploration has agreed to sell five exploration tenements within its South Australian Gawler Craton project to BHP Billiton. A review of Minotaur’s options has led to the decision to sell the tenements covering 2555sqkm in close proximity to BHP’s Olympic Dam mine.
The Zijin Mining Group has launched a proposal to increase its share in Norton Gold Fields from 16.98% to 50.1% in a significant takeover bid for the mid-tier Australian producer.
Lithium One is under acquisition by a Galaxy Resources’ subsidiary in a Can$112 million court-approved agreement that’s set to benefit both companies.
Monument Mining says it has broken up an organized gold stealing syndicate at its Selinsing mine in Malaysia which involved company employees. The company has called in the Malaysian police to begin an immediate investigation, as well as engaging the Gold Security Group from Perth to review and increase security measures at the mine site. 