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Avocet Mining Snapshot
Avocet Mining is a gold miner that operates the Inata gold mine in Burkina Faso, West Africa. The company recently spun off most of its other assets. In 2010, it sold its southeast Asian assets for $200 million, divesting its 100% interest in the Penjom Gold Mine in Malaysia and its 80% interest in PT Avocet Bolaang Mongondow, which owns the North Lanut mine and Bakan project in North Sulawesi, Indonesia. The completion of the sale of the rest of its Malaysian assets awaits goverment approvals. Avocet has other activities in West Africa, with gold exploration projects in place in Burkina Faso, Guinea, and Mali.
