Todd gains clearance to sell 20% stake in former gold mine land to Coeur Mining

Fri, 29 Jul 2016

By Sophie Boot July 29 (BusinessDesk) - Todd Corp has gained approval to sell its 20 percent stake in the Golden Cross joint venture, which ran a gold mine in Waikino until 1997, to Coeur Gold, its former partner in the project. Coeur Gold, a subsidiary of US company Coeur Mining, currently holds 80 percent of the joint venture. The Overseas Investment Office approved its acquisition of the remaining stake in June, giving Coeur Gold 100 percent of 736 hectares of land in Waikino and a mining licence for 389 hectares of land within that. T...

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