Samsung funds Cluff in Africa

Brit

British miner Cluff Gold yesterday announced Samsung was to fund the junior stock market-listed miner’s operations in West Africa, in return for buying gold from Cluff at a discount. The partnership, which will land Cluff a $20m (£12.4m) windfall to look into further development opportunities, could see Samsung fund around half the estimated $200m costs of Cluff’s Baomahun project in Sierra Leone.