O3 Mining Announces Sale Of Garrison Project and Partnership with Moneta Porcupine to Develop Timmins Gold Camp
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TORONTO, Jan. 14, 2021 /PRNewswire/ -
O3 Mining Inc. (TSX.V: OIII) (OTCQX: OIIIF) ( O3 Mining or the Corporation ) is pleased to announce that it has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc. (TSX: ME) (OTC: MPUCF) (
Moneta ), pursuant to which it has agreed to sell its wholly-owned subsidiary, Northern Gold Mining Inc. (
Northern Gold ), in exchange for 149,507,273 common shares of Moneta (
Moneta Shares ), representing 30.1% of the outstanding Moneta Shares (the
Transaction ). Northern Gold owns 100% of the Golden Bear assets, including the Garrison gold project (
NSW approves coal mine at Jerrys Plains despite protests from nearby horse stud farms
TueTuesday 22
Proposals for open-cut mines on the site had been rejected in 2012 and 2017.
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The Independent Planning Commission (IPC) in New South Wales has approved a proposed underground coal mine in the state s Hunter Valley, a week after China placed a ban on Australian imports.
Key points:
The approval comes just weeks after China moved to block Australian coal Labor MP Joel Fitzgibbon says the project shows the strength of the mining industry
Malabar Resources was seeking approval to mine 148 million tonnes of coal for the next 26 years at Jerrys Plains near Muswellbrook.
Fatal Truck Crash In Hunter Valley
December 15, 2020
Police are investigating a fatal crash in the Hunter Valley this morning.
Emergency services were called to the Golden Highway, near Edderton Road north-west of Jerry’s Plains at about 11am, after a truck left the road and crashed into an embankment.
The 56-year-old male driver and sole occupant of the vehicle died at the scene.
A crime scene has now been established and police are looking into the circumstances surrounding the crash.
Image: NSW Police
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Emergency services rushed to the scene, about 10km north-west of Jerrys Plains, just before 11am.
It appears the prime mover, with an attached trailer, was travelling east along the Golden Highway, near Edderton Road, when it left the roadway and crashed heavily into an embankment.
The driver and sole occupant of the truck, a 56-year-old man, died at the scene.
A crime scene was established, and police have commenced an investigation into the circumstances surrounding the crash.