Wednesday, March 3rd, 2010

Green light for Tanami Gold expansion

An American board directors’ meeting lifted the final hurdle to Tanami Gold’s expansion into the Northern Territory.

US gold company Newmont’s board meeting has approved the sale of its Groundrush project to Tanami Gold, which owns the Coyote mine on the border’s WA side.

The sale is now expected to be completed by the end of the month.

Mining Weekly [read this story]

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