China-based Shandong Gold looks set to secure board control at Focus Minerals, after acting chief executive and chairman Don Taig announced his intention to resign from the company.
Three months after shutting down its Laverton gold mine, Focus Minerals has announced the closure of its remaining mining operations near Coolgardie due to the weak gold price.
Focus Minerals has put its Laverton gold mine on stand-by, after a review of operations found the project is no longer commercially viable due to increasing costs and the falling gold price.
