| Moydow Mines International Inc. |  | Moydow Mines is an international exploration company with primary interests in precious and industrial minerals and diamonds. Exploration activities are focused principally in Africa.
In 2004, Moydow sold its interest in the Ntotoroso Property for US$40 million to Newmont Mining Corporation. Moydow retains a 2% royalty on any production in excess of 1.2 million ounces of gold from the Ntotoroso Poperty, which now forms part of the Ahafo Mine of Newmont Ghana Gold Limited.In October 2004 Moydow signed an option agreement with Gondwana Investments Limited to allow Moydow to earn an interest in the Port Loko Bauxite concession in Sierra Leone. Moydow now hold a 50% interest in the project and a full engineering and processing review is currently underway. The Dala Diamond Project located in the Lunda Sul province of north-eastern Angola, a JV between Endiama, Cimader and Moydow, is at an advanced stage with drilling scheduled to commence in early 2008. The licence is bordered both to the west and east by the BHP/Petra Diamonds' Alto Cuilo and Muriege diamond properties, respectively, and is 40 kilometres south of the Catoca Mine, the world's fourth largest producing kimberlite diamond mine.
These latter opportunities, are in line with Company strategy to capitalise on its long experience in Africa to grow shareholder value.The Company's outstanding Common Shares are listed on The Toronto Stock Exchange [TSE] and the Alternative Investment Market [AIM] of The London Stock Exchange under the symbol "MOY". | | Visit Website | | Office Address | 20 Toronto St., Ste. 1220,
Toronto, ON, M5C2B8 Canada | | Phone | (416) 703-3751 | | Fax | (416) 367-3638 | | Send Enquiry
| | Executives | Noel P. Kierna, Chairman | | Brian P. Kiernan, President, CEO and Director |
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