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Shanta pulls out of Helio deal

Cites potential impact of Tanzania mining law changes

Mining Journal
New Luika gold mine

New Luika gold mine

Under the all-scrip deal worth about US$5.5 million announced in June, Shanta was to acquire Helio and its SMP project next to Shanta’s New Luika operating gold mine. However Shanta said on Friday it...

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