Allied takeover receives UK court approval

KAMBALDA nickel miner St Barbara has received approval from the High Court of Justice in England and Wales to complete its $A556 million takeover of UK, Australia and Toronto-listed PNG miner Allied Gold.
Allied takeover receives UK court approval Allied takeover receives UK court approval Allied takeover receives UK court approval Allied takeover receives UK court approval Allied takeover receives UK court approval

The merger scheme of arrangement will effectively give St Barbara's board control over Allied's assets, which include the Simberi gold mine in PNG and the Gold Ridge mine in the Solomon Islands.

The change of control is expected to take place on September 7.

Allied lowered its total 2012 production guidance to 160,000-165,000 gold ounces in July - down from the previous guidance of 180,000oz.

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