{
    "success": true,
    "data": {
        "id": 1381197,
        "msgid": "laverton-enters-sumatra-1447893297",
        "date": "1998-06-17 00:00:00",
        "title": "Laverton enters Sumatra",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Laverton enters Sumatra PERTH (Reuters): Laverton Gold NL said yesterday it has reached a memorandum of understanding giving Weston Investments Ltd a 50 percent interest in its Rawas gold mine in South Sumatra, Indonesia. Weston is a subsidiary of Consolidated African Mines Ltd of South Africa. Laverton said the agreement would require approval from shareholders and the South African Reserve Bank. The Rawas mine currently produces about 100,000 ounces of gold a year.",
        "content": "<p>Laverton enters Sumatra<\/p>\n<p>PERTH (Reuters): Laverton Gold NL said yesterday it has<br>\nreached a memorandum of understanding giving Weston Investments<br>\nLtd a 50 percent interest in its Rawas gold mine in South<br>\nSumatra, Indonesia.<\/p>\n<p>Weston is a subsidiary of Consolidated African Mines Ltd of<br>\nSouth Africa.<\/p>\n<p>Laverton said the agreement would require approval from<br>\nshareholders and the South African Reserve Bank.<\/p>\n<p>The Rawas mine currently produces about 100,000 ounces of gold<br>\na year.<\/p>\n<p>Under the terms of the agreement, Weston would pay A$13.8<br>\nmillion for 50 percent of the issued shares in the three<br>\ncompanies that hold contracts at Rawas, Laverton said.<\/p>\n<p>\"These funds will be provided as a debt to equity exchange<br>\nagainst accommodation provided to Laverton,\" it said.<\/p>\n<p>Weston had also agreed to subscribe A$125 million to<br>\nexploration at Rawas over the next three years, Laverton said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/laverton-enters-sumatra-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}