Crew Gold

Crew Gold

  • 837 Hastings St W
  • Vancouver, British Columbia
  • V6C 3N6

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Description

Procon has extensive experience in narrow vein mining and mine development, and has been selected as mining contractor partly due to their experience with the Nalunaq deposit. Having provided contract mining in connection with previous years' test mining, Procon will now take part in the expansion of the Nalunaq mining operation and the growth of Nalunaq Gold Mine AS (NGM). Current Procon clients include major mining companies such as Barrick Gold Corp., Outokompo, Teck Corporation, BHP and DeBeers.

Crew Development Corp. (Crew) is pleased to announce that it has, as part of a consortium, signed a purchase agreement with Avgold Ltd. (Avgold) of South Africa for the purchase of Eastern Transvaal Consolidated (ETC). The consortium consists of Metorex Ltd. (Metorex) 54%, MCI Resources Ltd. (MCI) 26% and Crew 20%. The purchase price is ZAR 300 million (CAD 55/ NOK 251 million) of which ZAR 150 million will be bank financed.

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