trending Market Intelligence /marketintelligence/en/news-insights/trending/acjx96qhu_1gzgostedckw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Manas Resources completes sale of gold assets in Kyrgyzstan

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Manas Resources completes sale of gold assets in Kyrgyzstan

Manas Resources Ltd. completed the sale of its mineral assets, including the Shambesai gold project, to Chinese state-owned Guizhou Geological and Mineral Resources Development Co. Ltd.

The company received the first-installment proceeds of US$4.6 million, and expects a second installment of US$4.9 million before early April 2017.

Manas separately sold its Savoyardy assets to a local Kyrgyz company, NewGeo Technology LLC, for a nominal amount, it said Dec. 28.

Under the agreement, the company will receive 50% of the net proceeds from any future sale by NewGeo.

Manas said that it will now focus on the acquisition of the Victoria gold project in Tanzania.