Oxiana closes Agincourt take over bid
Monday, April 16 2007 - 05:00 AM WIB
Australian mining firm Oxiana Limited announced on Monday the close of take over bid of Agincourt Resources Limited.
The company said as per April 13, 2007, it had controlled 97.65 percent shares of Agincourt.
Agincourt?s jewel asset is Martabe gold project in North Sumatra, which it acquired from Newmont last year. Martabe has resources of 5.8 million ounces of gold and 60 million ounces of silver, with potential for further resource expansion.(alex)