Mmamantswe boost as Aviva okays Kenya deal

At a key meeting held in Perth, Australia last Tuesday, all shareholders agreed to offload the company's gold and base metal assets in Kenya for P150 million ($20 million).The Botswana Stock Exchange (BSE) listed Aviva announced last month 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.

The company would be entitled to a further $10 million payment once a compliant indicated resource of three million ounces or more is declared over the project area."The funds will provide Aviva with substantial flexibility to pursue growth options for shareholders either in the existing assets in Botswana or from new projects.