RSG 0.85% $1.19 resolute mining limited

resolute sells rbk stake

  1. 22,605 Posts.
    the following might interest some people

    Resolute Mining Limited has entered into an agreement with Canadian
    company Golden Star Resources Limited for the sale to Golden Star of
    Resolute's Obotan Plant located in Ghana and 4.5% shareholding in Red
    Back Mining NL for a total price of US$5.5 million.

    The Obotan Plant includes all processing plant and equipment,
    powerhouse, stores inventory and spares located at the Obotan mine
    site. Total consideration for this is US$4.3 million. Resolute
    retains the mining lease and the rehabilitation obligations following
    removal of the plant from the site.

    The sale of Resolute's 4.5% shareholding in Red Back Mining is for
    US$1.24 million (approximately A$0.40 per share) and is subject to
    approval by Red Back Mining.

    Resolute remains committed to its existing projects in Ghana and
    continues to look for other development and operating opportunities
    in that country.

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$1.20 227964 9
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