GOLD
The mining contractor activity at Aim-listed Xtract Resources’ Manica concession area, in Mozambique, is progressing “favourably”, with initial mining of the alluvial gold deposits expected to start at the end of this month, the company reported on Wednesday. Xtract’s Mozambique subsidiary Explorator concluded mining contractor agreements for the project with mining contractors Omnia Mining and Moz Gold in June and with Sino Minerals Investment Company in July for the exploitation of the alluvial deposits.
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