Vengold boosts stake in Lihir Gold to 19%
Article Abstract:
Vengold Inc. of Vancouver, British Columbia, has invested A$145.7 million (C$133.9 million) to purchase another 6.5%-shareholding in the Lihir gold mine in Papua New Guinea boosting its interest to a 19%-stake of the mine. The firm, which became the largest investor in one of the world's biggest gold mine with the acquisition, has been slowly increasing its ownership since it acquired 5.7% of the mine a year-and-a-half ago. The purchase is also seen as a significant development for Placer Dome Inc. of Vancouver, the owner of 17% of Vengold, which is expected to increase its investments in Papua New Guinea's gold mines.
Comment:
Has invested A$145.7 mil to purchase another 6.5%-shareholding in the Lihir gold mine in Papua New Guinea
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Dofasco, Ipsco report second-quarter profit despite cooling markets
Article Abstract:
The details on profit rise for Dofasco Inc. and Ipsco Inc. are examined.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2005
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