How it started
History
Avocet Mining was formed in 1995 and a year later listed on LSE with a market capitalisation of £72m with gold deposits in Peru, tungsten interests in Portugal, Peru and California and an operating gold mine in Penjom, Malaysia. In 1999 the Company divested tungsten operations to focus on gold. Avocet moved onto the AIM market in 2002, with a market capitalisation of £12m. In the same year the Company acquired 80% in North Lanut, Indonesia and a 49% interest and management control in gold mining company ZGC in Tajikistan which was later disposed of in 2007. In 2008 Avocet acquired the Seruyung gold exploration project in Kalimantan, Indonesia. 2009 saw the Company acquire Wega Mining and the Inata gold project in Burkina Faso, the Company poured its first gold later that year. Avocet listed on the Oslo Axess list of the OSE in 2010 while disposing of the Houndé licences in Burkina Faso to Avion. The Company disposed of all its South East Asian assets in 2010. In May 2011 the company had to halt operations at the Inata mine due to "illegal labour unrest". Later the same year, Avocet Mining listed on the Main Market of the LSE.
From Wikipedia’s article on Avocet Mining, shared under CC BY-SA 4.0.2