trending Market Intelligence /marketintelligence/en/news-insights/trending/8GKVLB-lKgBn4eNxH6Ne0g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Richland Resources is in talks to sell Capricorn sapphire mine in Queensland

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Richland Resources is in talks to sell Capricorn sapphire mine in Queensland

Richland Resources Ltd. said Dec. 31, 2018, that it is continuing to pursue the divestment of its Capricorn sapphire project in Queensland, Australia, through the sale of its Capricorn Sapphire Pty. Ltd. unit, and discussions are ongoing with one party.

However, the sapphire and gemstones explorer said there is no guarantee that it will either secure funding to restart operations at Capricorn or conclude talks for the potential sale of the mine.

Meanwhile, Richland signed an agreement to upsize an existing £300,000 convertible loan facility to £400,000 and extend the maturity date to Feb. 28.