Company Briefs

Blumont gives details on Australian target

BLUMONT Group, now in a takeover bid of Australian-listed miner Genesis Resources (GES), yesterday released more details on GES' Plavica project in Macedonia.

Though the seven concession licences that GES' joint venture partner holds there expire this April, GES has a "reasonable expectation" of one being replaced with a 30-year exploitation licence to mine and extract the minerals, and the other six being renewed for two years.