Mining Co. Picks Up Australian Gold Project For $13.4M

Law360, New York (January 7, 2014, 2:34 PM EST) -- Monument Mining Ltd. will nab a gold project and several mining and exploration agreements in Western Australia for AU$15 million (US$13.4 million) in an effort to expand its portfolio outside of Malaysia, the gold producer said Tuesday.

Under the terms of the all-cash deal, Monument will take over the Murchison Gold Project through its subsidiary, Monument Murchison Pty Ltd., from a consortium of Australian companies including Jinka Minerals Ltd., Kentor Minerals and KGL Resources Ltd., according to a statement.

The 98-square-kilometer project, which is near-operational, is...
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