Buyer of Australia gold project quarantined over coronavirus, delaying sale
29.01.2020 - Petr Mazaylo
Buyer of Australia gold project quarantined over coronavirus, delaying sale

A small gold project in Australia that was set to be sold to a Hong Kong-based company was put on hold due to the buyer showing symptoms of coronavirus.

One member of the family showed symptoms attributed to the virus, which led to the quarantine of the rest of the members, the seller said.

Australia’s Ausmex Mining Group opened the sale for its Gilded Rose Gold Project in Queensland to Hong Kong’s Jin Resources Ltd, but due to the incident, the A$4 million ($2.7 million) settlement was extended at a later date.

“The Principal of Jin, along with members of his family, fell ill around mid-January and have been quarantined and isolated after one of their infants showed symptoms of the coronavirus,” the gold miner said in a statement.

Jin Resources said that the settlement was imminent.

The coronavirus outbreak in China had already infected almost 5,000 people, with a death toll of over 130. Airlines worldwide had already restricted flights to China while other global companies had placed travel limits. Stores and areas within Wuhan, the ground zero of the virus, as well as other affected cities in China have been closed.

Australia has five confirmed cases of coronavirus.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue
×

Help with deposit?