Source Pravda.Ru

Gold Exploration Project In Finland

Gold Fields is set to boost its exploration activities in Finland through a gold exploration venture with European Diamonds. The world's fourth-largest gold company will pay for a 5% stake in the company, which is listed on London's Alternative Investment Market.

The Finnish firm is exploring for diamonds near the village of Lentiira, which is about 500km north east of Helsinki.

Gold Fields' existing Finnish project is Arctic Platinum which is conducting a feasibility study on platinum group metal reserves. Arctic consists of two projects, Suhanko, which is in the feasibility study stage, and SK Resources, in the pre-feasibility stage.

Gold Fields could lift its stake in the diamond company over the next three years, with the option to add 5% a year to its initial stake. This gives the company the opportunity to increase its holding to 20%.

Under the terms of the agreement the additional stakes would have to be bought at a 15% premium to the company's share price at the time of purchase.

Gold Fields, which will have a 75% stake in the gold exploration project, will also contribute $4,25m to the exploration costs.

European Diamonds will remain in full control of its diamond business, and will have a 25% stake in the gold project without having to invest until the completion of a bankable feasibility study on any gold deposits.

The company had noticed indications of gold mineralisation during its diamond exploration operations.

©

&to=http://www.goldfields.co.za/' target=_blank>Gold Fields

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Riots spark in Ukraine again, but people will not die for idiots this time
Russian PM Medvedev: USA undermines relationship with Russia for decades
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
North Korea is not a threat to the US
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Capitalism reduced Indonesian cities to infested carcases
Russian politician says Donald Trump extremely dangerous for Russia
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine