Business News video update for Friday July 26. Shanna Crispin reports. Kevin Rudd visits WA. Rental growth outperforms home values. Kalgoorlie Mining Company takeover nears completion and more.
China-backed Norton Gold Fields has just about wrapped up its all-scrip takeover of Kalgoorlie Mining Company, declaring its bid is now free from all conditions.
GOLD miner Norton Gold Fields is aiming to reduce costs at its Paddington operations near Kalgoorlie during the second half of the 2012 financial year to better compete with its low-cash peers.
Kalgoorlie Mining Company says it has received commitments to raise $6 million for the construction of a gold treatment plant at its Bullant gold mine, near Kalgoorlie-Boulder.
Phoenix Gold has signed a memorandum of understanding with Kalgoorlie Mining Company for the processing of up to 300,000 tonnes per year of ore at KMC's Bullant gold mill, near Kalgoorlie-Boulder.
