MINING.COM Staff Writer

Posts by MINING.COM Staff Writer:

Acquisition agreement for Cambodian gold mine positive for Astral Mining

Astra Mining, an Australian diversified mining company, has signed an option agreement to fund the acquisition of an operating gold mine in Cambodia which presently has an exploration licence.The agreement provides Astra with a majority interest in Petone Mining (Asia) which has the acquisition agreement for the mine. A mining licence will be applied for prior to production expansion of the mine.
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Gold price steadies as inflation revives higher-rate bets

Gold prices consolidate near $4,700/oz as US consumption slows, aligning with market expectations.