The three Australian participants in the &lt;Kalgoorlie Mining Associates> (KMA) gold mining venture are discussing a possible restructuring of their interests in &lt;Gold Mines of Kalgoorlie Ltd> (GMK) KMA said. The other participants are Western Mining Corp Holdings Ltd &lt;WMNG.S> (WMC) and Poseidon Ltd &lt;POSA.S> GMK said in a brief statement. It gave no further details. KMA is owned 52 pct by &lt;Kalgoorlie Lake Pty Ltd> (KLV) and 48 pct by a local unit of Homestake Mining Co &lt;HM>. KLV in turn is owned 47 pct each by Poseidon and GMK and six pct by WMC. The KMA joint venture was formed in 1976 and operates the Mount Charlotte and Fimiston gold mines in Western Australia. The two mines produced a total of 222000 ounces of gold in 1985/86 ended June 17. KMA is the sole source of GMKs revenue and profits and the major contributor to Poseidons earnings their annual reports show. GMK is owned 31.8 pct by WMC.
GMK SAYS THREE KMA PARTNERS MULLING RECONSTRUCTION