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Pure Alumina terminates sale process of Hill End-Hargraves gold assets

Pure Alumina Ltd. said Oct. 4 that it has terminated the sale process for its Hill End - Hargraves gold assets in New South Wales, Australia.

The company said that the termination is part of its strategic corporate review, which addresses, among other matters, whether there is greater value for shareholders by retaining the gold assets rather than divesting them.

Pure Alumina noted that since the sale process commenced, the Australian dollar gold price has increased by more than 30%.