Aussie firm exits Kenya, shifts focus to Botswana

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Australian resource development company, Aviva Corporation, says it is shifting focus to the Mmamantswe coal project in the Central district after offloading its gold and base metals assets in Kenya for P150 million ($20 million).

Aviva announced last week that it had entered into a binding sales agreement with London-listed African Barrick Gold to sell its Kenyan assets in a deal valued at $20 million and it would be entitled to a further $10 million payment once a compliant indicated resource of three-million ounces or more was declared over the project area.

The transaction is set for review and approval by shareholders at a general meeting set for next month.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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