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WEBGold Fields paid premium for Osisko to avoid ‘another Yamana’. GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month. Concluded at a 55% premium,...
So far, AngloGold is on the right side of Centamin pricing risk
WEB4 days ago · ANGLOGOLD Ashanti’s surprise $2.5bn swoop on UK-listed gold miner Centamin ushers in a new phase for Alberto Calderon, who marks his third year as CEO of AngloGold this month. He has flown the flag for a conservative, cost-cutting strategy of existing assets, but it’s probably safe to assume that approach has reached its limits.
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
WEB5 days ago · GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month. Concluded at a 55% premium, the transaction drew the attention of Barrick Gold CEO, Mark Bristow. Famously reticent to commit to mergers & acquisitions, Bristow described Gold Fields’s deal as “concerning”.
Hummingbird’s Betts steps down amid strategic review
WEB3 days ago · HUMMINGBIRD Resources announced on Friday an operational and strategic review in which it will cut costs, sell non-core assets and overhaul management, starting with founding CEO Dan Betts who will step down. “After 17 years of building Hummingbird from a grassroots exploration company to a gold producer with an annual run rate exceeding 200,000 ounces, […]
US accelerates battery minerals investment with South32 grant
WEBSeptember 23, 2024. Electric vehicle lithium NMC battery. SOUTH32 said its Hermosa project in Arizona was in line to receive a $166m grant from the US Department of Energy which the miner will put towards the construction of a manganese production facility. South32 recently approved Hermosa, a $2.16bn zinc-lead-silver project with potential ...
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WEBOut of the spotlight, Trans Hex stages surprising comeback. Marc Hasenfuss - September 19, 2024 0. When Trans Hex skulked off the JSE at the end of 2019, few punters gave the beleaguered diamond mining group a snowball’s chance of...
Out of the spotlight, Trans Hex stages surprising comeback
WEBSep 23, 2024 · When Trans Hex skulked off the JSE at the end of 2019, few punters gave the beleaguered diamond mining group a snowball’s chance of surviving … let alone ever thriving again. At the time of its delisting Trans Hex was staring starkly at a handful of serious challenges. The traditional Orange River alluvial concessions were all but mined out, while the Namaqualand mining operations acquired ...
Gemfields ready to defend balance sheet if market weakens
WEB3 days ago · GEMFIELDS CEO Sean Gilbertson said on Friday the company was prepared to cut costs and seek additional finance if there was a repeat of poor gemstone auctions this year. He was commenting in notes to the firm’s interim results announcement in which the company posted a 24% year-on-year decline in net profit to $13.7m.
About Us - Miningmx
WEBAbout Us. Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. The scope of the news and analysis is around commodity markets ...
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WEBAngloGold bids $2.5bn in cash and shares for Centamin. David McKay - September 10, 2024 0. ANGLOGOLD Ashanti has launched a $2.5bn share and cash takeover of Centamin, the 470,000 ounce a year African gold miner.