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interest in Seqi for US$10.0 million cash plus a minimum annual payment
previously owned a 51 % interest in Seqi and increased its interest to
The Canada-based, Oslo Bors-listed mining company Crew Gold Corporation said on Friday (1 July) that its subsidiary Crew Minerals AS had received all regulatory approvals to sell all of its shares in Seqi Olivine A/S to Swedish industrial minerals company Minelco AB.
The Canada-based, Oslo Bors-listed mining company Crew Gold Corporation said on Friday (1 April) that it had signed an agreement with the Swedish industrial minerals company Minelco AB, a subsidiary of the Swedish industrial metals group LKAB, to sell all of its shares in Seqi Olivine A/S.
Crew Minerals AS has commercial arrangements with Minelco AB, a 100% subsidiary of LKAB, to relinquish control of Seqi Olivine in order to fund development of the property, the company said.
Canada-based, Oslo Bors-listed mining company Crew Gold Corporation said on Friday (30 April) that the Swedish company Minelco AB, a subsidiary of Swedish iron ore producer LKAB, had requested the company to advance the Seqi Olivine project in Greenland under the terms of the existing agreement between Crew Minerals AS and Minelco AB.
The agreement would grant Minelco an option to buy 51% of the Seqi project, through carrying all capital expenditures related to the development of a mining operation, according to the company.
The company said that it was currently completing a scooping study on Seqi, including detailed plans for an early start of production.
As a part of the agreement Minelco has an option to buy 51% of the Seqi project by carrying all capital expenditures related to the development of a mining operation as defined by the BFS.
The Seqi project will be organised in a separate Greenlandic company owned 51% by Minelco and 49% by Crew, with Crew as the preferred operator, the company said.
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- Sepulveda Basin Recreation Area
- Sepulveda Unitarian Universalist Society
- SEQ NO
- Sequa Corp