Toubani grabs ex-Tietto boss to bolster African gold bid thewest.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewest.com.au Daily Mail and Mail on Sunday newspapers.
:Tietto Minerals said on Monday it received a takeover offer from Chinese gold miner Zhaojin Mining Industry to buy all shares it does not already own in the Australian gold explorer for about A$629 million ($398.79 million).Shares of Tietto Minerals rose as much as 32.9 per cent to A$0.565 in early trade, he
Tietto Minerals said on
Monday it received a takeover offer from Chinese gold miner
Zhaojin Mining Industry to buy all shares it does not
already own in the Australian gold explorer for about.
Tietto Minerals gets mining licence for 3Moz Cote dâIvoire gold project
December 11, 2020
12SHARES
The company says it is now poised to bring into production West Africaâs next gold mine.
The licence, issued by the Ministry of Mines, Petroleum and Energy, covers an area of 120.36km in central western Cote dâIvoire.
Tiettoâs total land holding is 1,114sq km.
There is now one remaining formality: the mining convention.
Tietto says it will be working with the Ivorian Government early in the new year to agree on terms and conditions of the convention.
70,000 drill program under way
The company added that it is well funded to deliver project milestones with $60 million in cash on hand.