Kingston offloads PNG gold mine to Ok Tedi in $95m transaction
Papua New Guinea's state-owned mining company will pay at least $60 million to ASX-listed Kingston Resources for control of a major gold development and exploration project in the Solomon Sea.
Kingston said it would sell Misima to Ok Tedi Mining under a deal that could eventually be worth up to $95 million to the Australian group, depending on whether future gold production milestones were achieved.
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