JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.
The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.
Investors claim Liberty International Mineral Corporation CEO has cut off all contact with most of the people who invested at least Cdn$18 million in his company.