PERTH (miningweekly.com) – The Foreign Investment Review Board has approved the sale of ASX- and TSX-listed Alacer Gold’s Australian business unit to a subsidiary of ASX-listed Metals X.
Last month, the gold miner agreed to sell its Australian assets to Metals X for A$40-million in cash, after warning that it would place the mines on care and maintenance if a buyer could not be secured.
The Australian assets include the Higginsville and South Kalgoorly operations, which were earmarked to deliver a combined production of between 168 000 oz and 187 000 oz for the 2013 financial year.