The Jamaican currently holds world records in the 100m, 200m and 4x100m with times of 9.58s, 19.19s and 36.84s respectively
Mubadala Investment Company has entered into a definitive agreement with Aris Gold Corporation (Aris Gold) for the operation of the Soto Norte Gold Project in Colombia, one of the world’s largest feasibility-stage gold projects.
Through a joint venture company, Aris Gold will acquire a 20 per cent ownership interest in Sociedad Minera de Santander SAS and Sociedad Minera Calvista Colombia (collectively, Minesa). Aris Gold has an option to acquire a further 30 per cent ownership interest in Minesa. Minesa is the 100 per cent owner of the Soto Norte gold project. Soto Norte has a large resource base with additional significant resource upside potential, and the project has the potential to be a large scale, low cost, underground gold mining operation.
As operator, Aris Gold CEO Neil Woodyer will be appointed CEO of Minesa and lead the preparation of the company’s operational license application. Aris Gold will use its position as an established member of the Colombian mining industry to ensure the Soto Norte project operates at the highest international sustainability standards.
Executive Director, Industrials at Mubadala and Chairman of Minesa, Danny Dweik, said: “We are delighted to bring in Aris Gold as our operating partner in Minesa. The Soto Norte Project will benefit from their technical capabilities and local market experience, and we look forward to working with them and the project’s local communities to bring this world-class project to fruition.”
On closing, Aris Gold and Mubadala will enter into a comprehensive agreement to govern the joint venture company through which environmental licensing, project development, and mine operation will be undertaken. — business@khaleejtimes.com
The Jamaican currently holds world records in the 100m, 200m and 4x100m with times of 9.58s, 19.19s and 36.84s respectively
Total property income posted year-on-year growth of 10% to $74m, highest value ever
All official donation channels however remain open through the outlets announced by government agencies
The Starlight Park is a four-building freehold community in Meydan
The 22-time major champion admits his farewell tour hasn't been as enjoyable as he would have hoped
Eating out, poor hand hygiene and erratic weather may be among causes, say medics
The goal-scoring striker is suffering from a muscle injury sustained during the Champions League quarter-final loss to Real Madrid
Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, made the announcement on Wednesday