Gold Corp buys RI gold

Gold Corp buys RI gold

CANBERRA (Dow Jones): Western Australian state agency Gold Corp will resume buying gold from Aurora Gold Ltd yesterday, Aurora Gold said in a statement.

On May 15, Gold Corp. suspended purchases "under force majeure provisions due to civil unrest" in Jakarta.

Aurora produces gold from its Mt. Muro mine on the Indonesian island of Kalimantan, and the gold is refined in Jakarta before being purchased by Gold Corp.

"The circumstances giving rise to (the suspension of buying) have now abated and normal bullion transport and security arrangements have been established," Aurora said in a statement.

The company, which has re-opened its Jakarta office and operations, resumed dore shipments to Jakarta late last week and sales to Gold Corp. will occur in the normal manner yesterday, it said.

Aurora, which mines about 20,000 ounces of gold a month at Mt. Muro, didn't stop production, stockpiling output at the mine instead.