Asia-Pacific Strategic Investments acquires mine

Singapore

ASIA-PACIFIC Strategic Investments has entered into a nonbinding memorandum of understanding (MOU) to acquire an additional gold mine as part of its proposed acquisition of Coeur Gold Armenia (CGA) for S$500 million.

The vendor, GR Business Holdings, is acquiring at least 51 per cent equity interest in Siberian Mining and Metallugical Alliance (SiGMA), which holds a licence to explore, develop and mine the gold in Ozernovskoye Gold Ore Mine located at Karaginsky district of Kamchatka Krai, the Russian Federation until July 1…