Gold

Burkina FasoDealsGold

THOR ACQUIRES 100% INTEREST IN CENTRAL HOUNDE PROJECT BURKINA FASO

Thor Explorations Ltd. (TSX VENTURE: THX) (“Thor” or the “Company”) is pleased to announce that it has signed an agreement with Barrick Gold Corporation (“Barrick”), which terminates the 2015 Earn-In Agreement between Thor and Acacia Mining PLC (Acacia Mining PLC has subsequently been acquired by Barrick), on the Central Houndé Project (the “Project”) in south-western Burkina Faso (the “Agreement”). Following the signing of the Agreement, Thor has acquired Barrick’s 51% ownership of the Project in exchange for a 1% Net Smelter Royalty. Thor now holds 100% of the Project. The...
GoldMarketsSouth Africa

JSE scraps gold, platinum indexes

The Johannesburg Stock Exchange (JSE) has discontinued some major market indices, including the closely watched gold index, to reflect the change in prominence of some companies and sectors in the economy, it said on Tuesday. The JSE Ltd follows international standards of classification of sectors and it modified some indexes to reflect a more realistic and detailed evolution across sectors, JSE said in an emailed response to Reuters. Under the modified index, it has decommissioned gold and platinum indexes and has moved all of them, including diamond mining companies, under...
DealsGoldM&ASouth Africa

South Africa’s Anglogold plays down merger prospects amid deal talk

TORONTO/JOHANNESBURG — South Africa’s Anglogold Ashanti does not need to pursue mergers and won’t add scale for its own sake, its interim chief executive said on Wednesday, tamping speculation it could take part in further consolidation of the sector. https://c5x8i7c7.ssl.hwcdn.net/vplayer-parallel/20210209_0916/ima_html5/minimal.mp4 Interim CEO Christine Ramon declined to comment directly when asked about a potential tie-up with Gold Fields during a roundtable at the Mining Indaba Virtual Investment Programme alongside Froneman and Barrick Gold head Mark Bristow. Consolidation can bring benefits including operational synergies, but can also add complexity and costs, she...
ESGFinanceGold

Nordgold Secures First ESG-linked Revolving Credit Facility

London, United Kingdom, 29 March 2021 – Nord Gold plc ("Nordgold" or the "Company"), the internationally diversified gold producer, announces that Celtic Resources Holdings DAC, a wholly-owned subsidiary of Nordgold, has entered into a two-year US$100 million ESG-linked revolving credit facility with a group of international banks. The syndicated facility was arranged by the following mandated lead arrangers and bookrunners: ING Bank N.V., Deutsche Bank AG (Amsterdam branch) and AO Raiffeisenbank. ING Bank N.V. acted as sustainability coordinator while Deutsche Bank AG (London branch) was appointed as facility agent. The new...
AzerbaijanGoldTurkey

Azerbaijan, Turkey discuss prospects of cooperation in mining sector

Source : Newz.az AzerGold CJSC plans to commission six more gold deposits, including the sulfide phase of the Chovdar gold deposit, as well as one polymetallic and four copper ores in 2021-2027, AzerGold Chairman of the Board Zakir Ibrahimov said, the company informs.  Ibrahimov made the statement at a meeting with representatives of Eti Bakir JSC, which is a subsidiary of Cengiz Holding, one of the largest in Turkey. The parties noted the high level of friendly and fraternal relations between the two countries, the availability of great opportunities for expanding cooperation...
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