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Viking Mines To Announce Corporate Transaction On Gold Operations

Viking Mines (ASX:VKA) may be looking to announce a venture on its West African gold operations when it moves out of a trading halt on or before 2 July 2014.

Viking owns the Akoase Gold Project in Ghana and was known to be examining options for progressing the 790,000 ounce Akoase East gold deposit.

Last week the company signed a second future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.

The non-binding Memorandum of Understanding was signed with Erdenet Power Plant State Owned Stock Company (NYSEARCA:EPP), a major supplier of electricity to the Erdenet copper mine.

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