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Possible merger with RBK

  1. The following was in today's Daily Telegraph (11 July 2002):

    "Red Back Mining has flagged the possibility of a future merger with 5 per cent stakeholder Resolute Mining's African interests to form a larger gold producer.

    Red Back managing director Ross Ashton also said yesterday the explorer hoped to overcome lack of interest in African Investments by pursuing an offshore listing.

    Resolute has an 11.4 per cent stake in Botswana-based Gallery Gold and a small holding in Tanzania-based Spinifex Gold.

    Red Back's main operation is the Chirano gold mine in Ghana."

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