De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
Africa
Editorial: Oppenheimer out
The decisive, US$5-billion exit of the storied Oppenheimer family from its 40% controlling interest in De Beers brings to a close a century of history in the global diamond trade.
Bannerman responds to Hanlong offer
Bannerman Resources (BAN-T, BMN-A) says it’s not going to “tie its hands down” in a long-term arrangement with Sichuan Hanlong Group just yet, keeping its doors open to a less-conditional offer by the Chinese conglomerate and other interested…
Ghana yields the gold for Abzu
Initial drill results from Abzu Gold’s (ABS-V, ABZUF-O) Nangodi Project in Ghana show that the Bole-Nangodi Gold belt in the north of the country still has plenty of gold to give.
Roxgold raising $11M for West African gold
One of 2011’s success stories, Roxgold (ROG-V) has seen its share price rise from a low of 19.5¢ in February to a high of $1.55 in mid-October on the back of spectacular gold hits from its flagship Yaramoko gold project in Burkina Faso.
[Update] The Red Back team returns
The former Red Back Mining team led by Richard Clark is back to advance Atacama Minerals (aam-v) using the same strategy they used to build the West African gold producer before selling it to Kinross Gold (k-t, kgc-n) for US$7.1…
PMI Gold spikes as Obotan resource tops 4.5M oz.
Ghana-focused PMI Gold (PMV-V, PVM-A) has managed a 270% increase in gold resource at its Obotan project in a new resource estimate.
Merrex Gold thinks big in Mali
The hard-hit junior gold mining sector enjoyed a rare respite in October, but while many juniors moved up, Merrex Gold (MXI-V) was among the most favoured of them all.
Roxgold to raise another $11 million for Burkina Faso gold projects
Vancouver – One of 2011’s few success stories, Roxgold (ROG-V) has seen its share price rise from a low of 19.5¢ in February to a high of $1.55 in mid-October on the back of spectacular high-grade gold hits from its flagship Yaramoko gold…
Bannerman provides update on Hanlong’s offer
While Bannerman Resources (ban-t, bmn-a) says it’s not going “tie its hands down” in a long-term arrangement with Sichuan Hanlong Group, it is still open to an acquisition by the Chinese conglomerate.
Cte d’Ivoire troubles trip up Avion in Mali
Avion Gold (AVR-T) has fallen short of its third-quarter gold production target by 17%, owing to heavy rains and delays in receiving spare parts.
B2Gold, Auryx to hook up
B2Gold (BTO-T) and Auryx (AYX-T) have agreed to tie the knot through a plan of arrangement by year-end.