Desert completes buyout of Ashanti Gold

Desert completes buyout of Ashanti Gold

Desert Gold Ventures (TSXV: DAU) closed this week the acquisition of Ashanti Gold Corp (TSX-V: AGZ), a move that caused the Canadian company’s stock to jump 7.5% in the past five days. In a media statement, Desert said that each shareholder of...

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Monarch completes acquisition of Fayolle gold project in Quebec

Monarch completes acquisition of Fayolle gold project in Quebec

Monarch Gold (TSX: MQR) announced that it completed the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec (NYSE: HL) and Typhoon Exploration (TSXV: TYP). To do so, the Quebec-based company said it had to issue...

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Newcrest takes over at Red Chris JV

Newcrest takes over at Red Chris JV

Imperial Metals’ sale of a 70% interest in the Red Chris copper-gold mine in B.C. has officially closed, with Australia’s Newcrest Mining now the operator of the asset. Newcrest paid $804 million for its majority interest. The deal was first...

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Northern Star goes after Barrick Gold’s Super Pit

Northern Star goes after Barrick Gold’s Super Pit

Australia’s Northern Star Resources (ASX:NST) has been signalled as the frontrunner to acquire Barrick Gold’s (TSX:ABX)(NYSE:GOLD) 50% stake in the Super Pit, once the country’s biggest open-pit gold mine, located in Kalgoorlie, Western...

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Shakeout continues at Barrick Gold

Shakeout continues at Barrick Gold

In discussing its second quarter results, Barrick Gold slipped in two very interesting bits of information. First, president and CEO Mark Bristow said the company is seeking a buyer for its 50% interest in the Kalgoorlie gold mine – commonly...

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Kinross Gold expands Russian portfolio with $283 million buy

Kinross Gold expands Russian portfolio with $283 million buy

Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) is expanding operations in Russia by buying a development project in the eastern part of the country for $283 million from Cyprus-based N-Mining. The Toronto-based company, which already has two...

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Australia’s Resolute Mining to buy Toro Gold for $274m

Australia’s Resolute Mining to buy Toro Gold for $274m

Australia’s Resolute Mining (ASX:RSG) said Wednesday it would buy West Africa-focused junior miner Toro Gold in a cash and stock deal worth $274 million, adding to the list of mergers and acquisitions the bullion sector has seen this year...

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China News Weekly 121 – Alibaba to help Salesforce localize and sell in China

China News Weekly 121 – Alibaba to help Salesforce localize and sell in China

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click the button below to subscribe.

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Freeport-McMoRan to acquire Commander Resources’ Burn gold project

Freeport-McMoRan to acquire Commander Resources’ Burn gold project

Commander Resources (TSXV: CMD) entered into an earn-in agreement with Freeport-McMoRan Mineral Properties Canada, a subsidiary of Arizona-based Freeport-McMoRan (NYSE:FCX), to allow Freeport to earn a 75% interest in the Burn gold project. Burn...

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China Molybdenum takes full control of ex-Dreyfus metals unit for $518 million

China Molybdenum takes full control of ex-Dreyfus metals unit for $518 million

China Molybdenum Co., majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis Dreyfus, for $518 million...

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Barrick strikes deal with Acacia after sweetening offer, takeover imminent

Barrick strikes deal with Acacia after sweetening offer, takeover imminent

Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has bowed to pressure from Acacia Mining’s (LON:ACA) minority shareholders, offering on Friday a sweetened dealfor the African miner that would give Barrick full control. The offer would end a two-month...

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