AngloGold eyes top spot with Ashanti takeover
Looking to regain top spot among global gold producers, South Africa’s AngloGold (AU-N) has entered talks aimed at achieving a merger with Ghana-based Ashanti Goldfields (ASL-N).The talks are centred …
Global Gold Corporation
Higher gold price adds pizzazz to PDAC convention
Consolidation, sustainability, and the allure of the mysterious East: the 71st annual convention of the Prospectors & Developers Association of Canada (PDAC) did not want for themes.It seems gold is n…
Tanzania: a miner’s elephant country
Better known for red-cloaked Masai tribesmen and big game safaris, the United Republic of Tanzania is actually a phenomenally mineral-rich land.Formerly known as British East Africa, and German East A…
Gold mutual funds top list
U.S. based mutual funds that invest in gold topped the list of U.S. fund performances for the first six months of 2002.The average gold fund rose 50.5% for the period ending June 28, compared with an …
Southwestern expands in China
An agreement with a governmental agency has given Southwestern Resources (SWG-T) the right to explore the Boka gold property in the southern province of Yunnan, China.The grant allows Southwestern to …
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Dubai aims to secure half of gold trade
Dubai, once dubbed the “city of gold,” will soon have a metal and commodities centre for trading in the yellow metal, diamonds and other commodities.The Dubai Metals and Commodities Centre (DMCC) will…
FPO Hemlo seen as ripe for consolidation
The much-anticipated consolidation that’s shaking up the gold industry is capturing the attention of investors and mining executives alike. Although most of the attention is focused on activities at t…
AngloGold bids for Normandy (September 10, 2001)
Moving to expand and diversify its gold portfolio, AngloGold (AU-N) has launched an all-share bid to acquire Normandy Mining (NDY-T), Australia’s largest gold miner.Creating what it describes as the “…
WGC promotes gold mining in Latin America
Acting as lobbyist for some of the world’s biggest gold miners, the World Gold Council has sponsored the publication of a study titled The New El Dorado: The Importance of Gold Mining to Latin America…
Largest gold producer to get bigger
An agreement-in-principle sets the stage for Anglogold (AU-N) to acquire the gold assets of Minorco (MNRCY-Q).The South African major offered Minorco US$550 million in cash for its interests in five o…
NEVADA — Newmont, Barrick rise to the top
Several North American companies with operations in Nevada are moving ahead of their South African competitors within the top tier of the world’s gold producers.While Anglo American of South Africa is…