Kumul Mineral Holdings to acquire a 20% stake of Simberi Gold Project from St Barbara for AUD100m.

Kumul Mineral Holdings, a state-owned national mining company, to acquire a 20% stake of Simberi Gold Project, an open-pit gold mine, from St Barbara, a gold mining and exploration company, for AUD100m. “Kumul’s participation in Simberi aligns the interests of St Barbara and our key stakeholders. We look forward to a long and productive joint development of the Simberi Expansion Project with Kumul, and Simberi’s development partner Lingbao Gold Group also announced today," Andrew Strelein, St Barbara Managing Director and CEO.