CRG in fourth Chinese party MOU sale

[miningmx.com] – JOHANNESBURG gold producer Central Rand Gold has added another suitor to its ranks signing a memorandum of understanding with a fourth potential Chinese investor for a $150m offer.

The firm said today Huili Resources had expressed an interest in the company’s assets which include shafts near the centre of Johannesburg, historically the epicentre of South Africa’s gold industry.

During 2014, Central Rand entered into agreements with Shengbang Jiabo (Beijing) Consulting, the Hiria Group, and Beijing Ankong Investment in relation to the potential sale of its wholly owned subsidiary Central Rand Gold (Netherlands Antilles).