The West

St Barbara s Marvel Loch operations at Southern Cross.
St Barbara's Marvel Loch operations at Southern Cross.

St Barbara says it will sell its mothballed Southern Cross gold mining operations to China's Hanking Gold Mining for $22.5 million in cash.

The sale comprises of the Marvel Loch underground mine, a 2.2 million tonne per annum processing plant and a portfolio of potential exploration leases.

St Barbara ceased mining and processing at Southern Cross late last year and put the operation on care and maintenance.

The sale is expected to settle late February or early March subject to Foreign Investment Review Board and other regulatory approvals.

St Barbara shares were up 0.2 cents to $1.422 at 11.15am.

The West Australian

Latest News From The West

Motorists in the US State of Arizona must have thought they had taken a wrong turn and ended up Down Under when an emu was spotted wandering along a highway on Friday afternoon.

One person has died and another suffered serious injuries in a crash around 10km east of the Pardoo Roadhouse in the Pilbara.

Popular videos

Our Picks

Follow Us

More from The West