Standard Chartered Bank, part of Standard Chartered Plc (LON: STAN), is acting as financial adviser to
Avocet Mining on the transaction, while Field Fisher Waterhouse LLP and Hadiputranto Hadinoto & Partners are counselling it on legal matters.
Avocet, established in the mid 1970s, has a turnover of pounds 40 million, earnings before interest, taxes, depreciation and amortisation of pounds 3.5 million and net assets of more than pounds 20 million, which includes UK property freehold.
College vice-principal Melanie Brooke said: "
Avocet Hardware is a market-leading distributor of windows, doors and builders' hardware and we are delighted they have chosen Kirklees College to deliver their training qualifications.
Avocets came back from the brink of extinction in Britain in the 1940s.
Avocet Mining produced 97,747 ounces of gold in January to June 2010.
The company has committed conditionally to a total investment of at least USD 14m, consisting of an initial cash payment to
Avocet of USD 4m, and a commitment to undertake a works programme costing at least USD 10m, in order to deliver, within 24 months, a Bankable Feasibility Study for a Carbon-in-Leach operation at the site, with an Ore Reserve of at least 1m ounces.
Michelle, who has worked the phones at the Brighouse company for 22 years, was promoted last month and her first task was to train four new members of the telesales team - one of whom, Linzi Wagstaff, was returning to work for
Avocet two years after leaving.
London-listed miner
Avocet Mining Plc (LSE: AVM) has tabled an offer to acquire Norwegian rival Wega Mining ASA (Oslo: WEMI),
Avocet said on Tuesday (14 April).
Traditionally
avocets nest in southern England, but since 2006 a pair has been returning each year and hatching chicks at Washington Wetland Centre.
Anglesey hosts its own specialities; eider, chough, puffin, razorbill, common and artic terns, black guillemot and a passing
avocet (at the NWWT-managed Cemlyn reserve).
Avocet Mining last year soared into profitability on the back of the gold price recovery.
Since
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