Potential Buyer For Donkin Mine
There’s a potential buyer for the Donkin mine.
Morien Resources which holds a 25 per cent interest in the project, says a third party has agreed to terms on the purchase of Glencore Xstrata’s 75 per cent stake in the mine.
Switzerland-based Glencore has offered the same deal to Morien Resources, which now has 60 days to consider it.
If Morien opts not to buy the outstanding 75 per cent stake, then the deal with the third party will move ahead.