16 Oct 2019
DiamondWorld Directory
Home |
News
Home
Monarch announce merger with Serbia
Merger is logical step because of the soaring value of gold
By: Diamond World News Service
|
Nov 19 2005 12:00AM
|
Reference: 119  

DecreaseIncrease

Monarch has announced plans to merge with rival gold mining outfit Serbia. This will help it command a position at the forefront of emerging gold companies. The merger will ensure a resource base of over two million ounces and a powerful command of Australias Davyhurst-Ida greenstone belt and Siberia Gold Camp mining sites.

Monarch has offered one share for every two Siberia shares which has received backing from Siberias board though shareholders have yet to give the go ahead. The merger has been greeted as a logical step because of the soaring value of gold. The two companies seem to be jelling well with each other. Monarch recently bought a processing plant in Davyhurst, Western Australia and Siberias mining stronghold is just to the south.

"The combined group would have a dominant position in the prolific gold belts to the north west of Kalgoorlie, becoming the largest Australian-controlled regional tenement holder in the region," commented Andrew Forrest, Siberias Chairman. If the merger falls into place, Monarch is expected to forge ahead with an aggressive growth strategy in the region.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 19790
GJEPC Chairman Interview
Views: 17728
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 24744
Promo for IJ Awards 2012 at NDTV Profit
Views: 37935
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 41548
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 15075
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 39470
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 37103
Advertisement
KGK_Antwepr
Advertisement
Mohra India
Member of:
Supporter of: