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Royal Pitch

Information From Around The Globe

Asana’s Second Fortune Gold Project in Western Australia

Dustin Moskovitz helped start Facebook Inc. four years ago and now owns more than $18 billion of the company’s stock. He also started a venture capital firm, B Capital Group, which reports assets of $1.8 billion. Last June, Moskowitz bought additional Asana shares. By September, his holdings had increased by more than a third. His stake in the company is now worth more than $26 billion. This makes Moskovitz the second-richest person in the world, behind Mark Zuckerberg.

The project is expected to commence production in March 2021. The company has awarded a $46 million contract to the mining firm Mako Mining. The miner will carry out underground mining services at the Second Fortune gold project in Western Australia. Mako has extensive underground mining equipment and experience in mining narrow vein gold deposits. The Second Fortune gold project was previously an open pit operation that lasted from 1941 until 1988.