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Havilah sells gold mine to contractor

Havilah Resources (ASX: HAV) has implemented the first transaction in its copper-cobalt strategy with the A$14.7 million sale of the Portia gold project in South Australia.

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CMC MD Steve Radford (left) and Havilah CEO Water Richards shake on Portia deal

Consolidated Mining and Civil (CMC), which is already a profit sharing partner at the Portia gold mine, will pay $13.5 million in staged cash payments over 18 months and replace rehabilitation o...