Botswana enlists Lazard for ambitious De Beers takeover
BOTSWANA has appointed Lazard to advise on acquiring control of diamond giant De Beers, following Qatar's recent $12bn investment pledge to the southern African...
New First Uranium bid “has to top $450m’
A fresh bid for the control of First Uranium has to be backed by an unconditional
and fully financed offer of at least $450m, according to the company’s board of
directors.
Implats pounces on iridium, ruthenium price strength as de-stocks metal inventories
IMPALA Platinum (Implats) pounced on recent price improvements in iridium and ruthenium to de-stock metal inventories, selling 60,000 oz of a total 100,000 oz 6E...
Montage raises $625m in streaming deal with Wheaton
MONTAGE Gold said on Thursday it had secured $625m in funding for its Koné Project in Côte d’Ivoire by means of a streaming deal...
AngloGold misses output guidance
AngloGold Ashanti has sunk to its lowest level in 12 months as the company’s
first-quarter output fell short of guidance.
Golden Star claims Wassa underground bigger than first forecast
GOLDEN Star's Wassa deposit in Ghana may be larger than last estimated in an inferred mineral resources report that identifyied 5.2 million ounces of...
Pan African says full year earnings to be 25-35% higher
THE improvement in the gold price and higher gold sales will help Pan African Resources to a 25% to 35% earnings improvement for the...
Optimum Coal Mines heading for stalemate as creditors argue over Eskom...
THERE was no immediate prospect that Optimum Coal Mines would be sold as a legal dispute between creditors would make it impossible to hold...
Northam Platinum eases pressure on balance sheet with restructuring
NORTHAM Platinum said today access to funds had increased to R11bn after increasing its five year rolling credit facility by R2.85bn to R10bn.
Existing general...
Egypt says Endeavour tilt at Centamin will encourage foreign investment in...
EGYPT welcomed Endeavour Mining’s bid to merge with Centamin, saying it would encourage foreign investment in the country’s mining industry, Reuters reported.
Centamin rebuffed the £1.47bn...