The Gold Ridge gold mine in Solomon Islands has been sold one year since it was closed after massive floods affected its operation.
Gold Ridge in Solomon Islands Photo: AFP
In a press statement released today, its Australian owner, St Barbara, has confirmed that it has signed a deed of sale to an unnamed Solomon Islands company associated with local landowners.
The terms and conditions of the sale have been declared confidential and the sale price is described as being for a nominal amount.
Completion of the sale is due on Tuesday 6th May.