Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Eritrean National Mining Corp. has agreed to pay US$32 million for a 30 percent stake in Chalice Gold Mines’ Zara gold project, Winnipeg Free Press reported Wednesday:
Eritrean, which is based in Australia but trades on the TSX, said that the agreement will pave the way for final permitting, financing and development of Zara.
In exchange, Eritrean will receive a stake in Zara Mining, an operating company, that will own, develop and operate the Koka gold mine in Eritrea, eastern Africa, which is part of the broader project.
