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Chinese Group Bid for Aurora Mines "Imminent"

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MERGERS AND PANHANDLINGS
" A Chinese consortium, said to be headed by Hong Kong-based Grand TG, is preparing a $50m bid for the two liquidated gold mines managed by Aurora Empowerment Systems, which plans to list the operations," according to MiningMx. "A source in the mining sector told Miningmx the consortium, which will back a South African entity, is preparing the bid and that it is concerned about the way Aurora has operated the Grootvlei and Orkney mines, which have both been put into care and maintenance after Aurora ran out of money."
SOURCE:   Mining Mx

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