Home ECONOMY UK firm Goldplat mulls selling Migori gold mine

UK firm Goldplat mulls selling Migori gold mine

by biasharadigest
Companies

UK firm Goldplat mulls selling Migori gold mine

A gold miner in Nyatike
A gold miner in Nyatike, Migori, in 2019. FILE PHOTO | NMG 

London-based Goldplat Plc is ready to sell its Migori gold mine as its bid to raise new funds to run the loss-making operation drags on.

The multinational said in latest trading update the mining operation of its local subsidiary Kilimapesa Gold (KPG) remains on care and maintenance in the absence of an investment partner to inject in funds.

“We remain committed to our strategy of increasing long-term visibility of earnings in the recovery businesses through key initiatives and finding an investment partner or buyer for Kilimapesa,” the firm said in its trading update for six months to December 2019.

The company added that it continues to hold discussions with funding partners to recapitalise “this valuable asset”.

Placing a mine under care and maintenance means that production stops and only a few employees are needed to make sure the site remains in safe and stable condition.

advertisement


This is usually necessary to ensure that future production can resume quickly and more efficiently.

Goldplat said only the processing of artisanal tailings continues and that operating losses are lower than it would have been had it continued with full care and maintenance.

The firm reported that operating losses at KPG more than halved to Sh38.8 million (£295,000) in six months to December 2019, down from Sh90.5 million (£686,845) a year earlier.

During the six months, the Kenya Revenue Authority gave the firm Sh68.8 million (£523,000) in VAT refunds.

Goldplat’s permits and licenses have not been affected by the decision to halt underground mining.

You may also like

Slot Gacor

Slot Gacor Terbaru

Sbobet

Slot Gacor

Slot Gacor Terbaru

https://marketing-action.fr/wp-includes/slot-demo/

https://vibrantauction.com/wp-includes/slot-bonus/

https://zm.kg/wp-includes/slot-pulsa/

https://crackthespine.com/wp-includes/slot-gacor/

https://gita-society.com/wp-includes/sbobet/

https://medialeaflets.com/wp-includes/slot-gacor/

https://www.timothyegan.com/

Judi Slot Online Jackpot Terbesar

https://gralnia.org/wp-includes/slot-gacor/

https://www.nationalparkguru.com/wp-includes/slot-gacor/

https://denanimals.com/wp-includes/slot-gacor/

https://www.adn-mundo.com/wp-includes/slot-gacor/

https://loladictos.com/wp-includes/slot-gacor/

https://lapetitebergerie.ca/wp-includes/slot-gacor/

https://swiatsypialni.com.pl/wp-includes/slot-gacor/

https://clavierarab.net/i/-/slot-gacor.html

https://conversordeletras.pro/img/-/slot-gacor.html

https://myyouthcareer.com/wp-includes/slot-gacor/

https://www.dypconsultora.com.ar/

https://www.ietei.com.ar/wp-includes/slot-gacor/

https://zwierzeta.geographicforall.com/wp-includes/slot-gacor/

https://www.knowledgiate.com/wp-includes/slot-gacor/

https://hopemedglobal.com/slot-gacor/

https://jolliz.com/wp-includes/slot-gacor/

https://www.startupindiamagazine.com/wp-includes/slot-gacor/

https://www.khansiracademy.in/wp-includes/slot-gacor/

https://knowledgesagar.in/wp-includes/slot-gacor/

https://sachchibaate.com/wp-includes/slot-gacor/

https://www.eneagrama.me/wp-includes/slot-gacor/

https://ecop.pk/wp-includes/slot-gacor/

https://ecop.pk/wp-includes/slot-gacor/

Slot Online

Slot Online

Slot Online

Slot Online

Slot Online

Slot Online

Slot Online

Slot Online

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

agen sbobet

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

bonus new member 100

Slot Online

Sbobet88

Situs Slot777

RTP Live

Situs Slot Gacor

Slot777

Login Slot777

Demo Slot

sbobet resmi

Demo Slot Pragmatic

Slot Gaco

Slot Gaco

Slot Gacor

https://hrtradio.com/wp-includes/rtp-slot/

https://www.doccsaapucv.cl/wp-includes/slot-gacor/

https://https://maxwin-slot.org/

https://maxwinslot.org/

https://slot-maxwin.org/

https://slotmaxwin.org/

https://slotgacor.xn--tckwe/

https://slotonline.xn--tckwe/

https://www.judislot.gold/

https://www.judislotonline.gold/

https://www.judislotonline.info/

http://situs-slotonline.co/

https://daftarpragmatic.com/

https://www.freepragmatic.org/

https://www.jackpotpragmatic.com/

https://www.pragmaticgacor.net/

https://www.demoslot88.com/

https://www.jackpotslot88.net/

https://www.loginslot88.com/

https://www.slot88demo.com/

https://www.slot88jackpot.com/

https://www.slot-seringjackpot.com/

https://slotrtp.co/

https://daftar-joker123.co/

https://daftar-joker123.org/

https://mainjoker123.com/

https://gamejoker123.org/

https://gamesjoker123.co/

https://gamesjoker123.org/

https://www.joker123.promo/

https://registerjoker123.com/

https://sbobetonline.me/

slot bonus 100 to 3x

link slot gacor

https://adam-et-elles.fr/wp-includes/slot-dana/

https://masoncountypaws.org/wp-content/slot-bonus/

https://ebooksstate.com/wp-includes/slot-gacor/

https://www.vastrique.com/slot-demo/

https://www.corpsnews.co/