Randgold pursues Gold Fields over Kebble-era share theft
ON the night of September 27 2005, Brett Kebble climbed into his silver-grey Mercedes-Benz S600 and drove into the Johannesburg dark. Near a bridge over the M1 in the city’s…
Zijin’s $4bn bid for Allied Gold in jeopardy amid Mali concerns
REGULATORS in China could derail Zijin Gold International’s proposed $4bn takeover of Allied Gold, casting doubt on the Hong Kong-listed firm’s first major deal since its IPO…
Mali establishes company to oversee mining stakes
MALI has established a fully state-owned entity to consolidate and administer the government’s shareholdings across the mining sector, following similar moves by neighbouring…
Barrick Mining considers splitting off risky assets
CANADA’S Barrick Gold is exploring a potential split into separate North American and Africa-Asia entities, said Reuters citing sources familiar with the company’s deliberations.…
Mali resumes production at seized Barrick gold mine
OPERATIONS have restarted at Barrick Mining Corp.’s Loulo-Gounkoto gold mine in Mali following a nine-month shutdown, said Bloomberg News which cited unnamed sources. The…
Mali troubles trigger Bristow departure from Barrick
MARK Bristow’s management of Barrick Gold’s flagship Mali operations proved the decisive factor behind his abrupt removal as CEO, said Reuters citing sources familiar with the…
Newmont unveils new CEO as Palmer set to retire
TOM Palmer will retire from Newmont by December after more than a decade with the world’s largest gold producer, the company said on Monday, in an unexpected leadership…
All points north as DRDGold weighs long-term expansion
DRDGOLD, the Johannesburg Stock Exchange’s oldest company at 130 years old, is actively pursuing expansion opportunities across Africa, with CEO Niël Pretorius particularly keen…
Booming metals markets boost Master Drilling’s prospects
MASTER Drilling CEO Danie Pretorius is sounding uncharacteristically cheerful for once and there are two reasons for that – he has got his own back on the company’s auditors and…
Mali court places Barrick gold complex under administration
BARRICK Mining had its Loulo-Gounkoto gold complex in Mali placed under state control by a court on Monday in a major escalation of a dispute over taxes and ownership, Reuters…
Barrick asks World Bank to intervene in Mali court proceedings
CANADIAN mining company Barrick Gold Corp. has turned to the World Bank’s arbitration body for assistance as it battles to prevent the Malian government from seizing control of…
Mali postpones hearing on Barrick mining dispute to May 22
A MALIAN court has postponed a scheduled hearing on whether to place Barrick Mining’s Loulo-Gounkoto complex under provisional administration. The case will now be heard on May…
Bristow bats back retirement talk after market put on alert
AMONG the most common of questions fielded by Barrick Mining CEO Mark Bristow is the one about M&A, or the other about his retirement. Both were posed at the gold and copper…
Gold miners have bridged the discount to bullion, for now
GOLD shares have lagged the metal’s price for the past decade, especially since Covid, but recent performances have shown equities have caught up. The $1.6bn VanEck Gold Miners…
Convoy headed to Allied Gold mine in Mali attacked at weekend
A CONVOY transporting heavy mining equipment to Allied Gold’s Sadiola mine in Mali from Bamako, the West African country’s capital, came under attack over the weekend, said…
Barrick proposes name change to reflect push into copper
BARRICK Gold Corp. has proposed dropping “gold” from its name as it expands its copper mining operations, according to a report by Bloomberg News. “We are proposing to change our…
Mali gold output forecast assumes reopening of Barrick mine
A GOLD production forecast by Mali’s mines ministry is for a major increase this year, but the West African government assumes in its calculation that Barrick Gold’s…
Investors turn to gold miners as metal outpaces inflation
THE recent surge in the gold price is finally attracting money into funds that invest in gold miners after a period in which the market preferred physical gold and gold…
Miners upbeat on US projects under Trump administration
MINING companies with projects in the US were more hopeful of speedier delivery following the election of Donald Trump as President, said the Financial Times. It cited mining…
Barrick ordered to pay $2m to dealmaker Ian Hannam
BARRICK Gold has been ordered to pay veteran dealmaker Ian Hannam’s firm $2m for helping to broker its merger with Randgold Resources in 2018. Hannam & Partners (H&P) had…