US junior miner Lexington Gold, Harmony Gold and billionaire Australian explorer Mark Creasy are betting that the remaining potential of the Witwatersrand gold fields has been overlooked as mining majors turn away from SouthAfrica.
US junior miner Lexington Gold, Harmony Gold and billionaire Australian explorer Mark Creasy are betting that the remaining potential of the Witwatersrand gold fields has been overlooked as mining majors turn away from South Africa., which was set up by Creasy in 2002. The company will pay up to £6.4m through new common shares in Lexington Gold, and £300,000 via a subordinated loan to White Rivers.
Mining exploration in South Africa has declined in recent years due to factors such as concern over the. The Witwatersrand basin is still the world’s largest gold resource, but according to Minerals Council SGet unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
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