CAPITAL MARKETS

Emperor picks up DRD's PNG assets

EMPEROR Mines has signed an agreement with major shareholder DRD Gold to acquire its Papua New Gu...

Michael Vaughan

Under the transaction, Emperor will acquire DRD’s Tolukuma gold mine, its 20% interest in the Porgera joint venture, and all of DRD’s exploration tenements in PNG. DRD will receive $US230 million for...

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