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MEI Online: Commodities: Metallic Ores: Gold: Latest News: November 22nd 2004

 
 

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:: Miner to buy CIL Plant for Indonesia Project  

Mining company Guinor Gold Corporation has announced that it has entered into a heads of agreement to buy the existing Kelian carbon-in-leach (CIL) gold plant in Indonesia from a subsidiary of Rio Tinto.

The plant would be used to expand production at Guinor's 85%-owned Lero gold-mine, in Guinea, West Africa. Completion of the transaction is subject to the parties entering into a definitive sale and purchase agreement.

The plant is expected to provide a cost-effective alternative to the new CIL plant previously proposed for the expansion at the Lero gold project.

 

 

   

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