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Additional information
Additional Information
Market: TSX, AIM
Sector: Gold Mining
Epic: MOE
News: Latest news
Web Site: Moto Goldmines
Other Articles: 23-07-200920-07-200903-04-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Moto Goldmines

Moto Goldmines

Moto Goldmines is a gold exploration and development company focused on the multi-million ounce Moto Gold Project in the Democratic Republic of the Congo where it is conducting a prefeasibility study.
Tuesday, March 17, 2009

Moto Goldmines finalises DRC project JV agreement

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Moto Goldmines Ltd said it  finalised and signed the joint venture agreement with L'Office des Mines d'or de Kilo-Moto (Okimo) to establish the Borgakim Mining sprl venture, which will operate the Moto gold project in the north-east of the Democratic Republic of Congo.

Borgakim will change its name to Kibali Goldmines sprl , and Moto Goldmines will hold 70 percent of the joint venture, wiith Okimo holding the remainder.

Chairman Sam Jonah commented: “Together, Okimo and Moto have been able to establish an excellent working relationship and we look forward to working with our partner to establish substantial gold production in the area. The 2009 year has seen us reach three significant milestones, with the registration of the title for the whole project area; the announcement of the optimised feasibility study significantly enhancing the deliverability of the project and now the finalisation of the joint venture agreement.

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