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Ovacik transaction deferred

THE US$30 million sale of Newmont Mining’s Ovacik gold mine in western Turkey to Toronto-listed Frontier Pacific Mining has been deferred after operations at the mine were suspended following a recent court decision relating to permits and the environmental impact assessment.

Rebecca Keenan
Ovacik transaction deferred

The Izmir provincial governor ordered the mine closure until Newmont had completed certain additional permitting requirements and submitted an updated environmental impact assessment to the Turkish Ministry...

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