[miningmx.com] – GIYANI Gold, the Canadian gold exploration firm, has joined Pan African Resources in distancing itself from speculation it is bidding to buy AngloGold Ashanti’s Namibian mine, Navachab.
“The company does not comment on any potential transactions or ventures, and when appropriate Giyani Gold will provide details in accordance with its disclosure policy,” it said in an announcement to the JSE today.
Last week, Giyani Gold executive chairman Duane Parnham was quoted as saying: “It’s an interesting project. Being a Namibian explorer you can’t deny that’s an interesting asset. So we’ll see, but I can’t comment further.”
The Namibian Sun and BDLive said last week Giyani Gold had joined with Pan African Resources to buy the asset valued at R1.4bn. Pan African Resources said last week there was no certainty of it completing the transaction.
