Tuesday 20, October 2009 by

ASCOM Acquires Minority Stake in Gold Miner GMA Resources

The deal comes as part of ASCOM’s strategy to grow its precious metals mining division and expand its mining operations throughout North and East Africa. GMA, whose shares are traded on the London Stock Exchange’s AIM (AIM:GMA), has a controlling 52 per cent stake in ENOR, a highly-promising Algerian gold exploration and production operation located in the country’s southern Tirek-Amesmessa region.

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