Gold mine takeover
Wednesday, 15th November, 2017
By Andrew Robertson
Havilah Resources is to give full control of the Portia gold mine to partner Consolidated Mining and Civil (CMC), which says it could prolong the life of the operation.
The two companies have reached agreement to restructure the mining and processing agreement that was struck in 2015, which saw them join forces to develop the small open pit mine in South Australia.
Havilah says the change, which will take effect tomorrow, would allow it to focus on progressing other projects in its pipeline, including the nearby Kalkaroo copper-gold deposit.
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