Glencore under fire over Congo as investors meet

Commodities trader Glencore faced calls for greater transparency around its deals in Congo, one of its most promising but most controversial jurisdictions, as it prepares for its first shareholder meeting since listing. Anti-corruption campaign...

Gains, falls for gold probably mean bigger ones for silver – VM Group

Whether the gold price eases or moves higher, silver will likely do the same, but to a greater degree, analysts at VM Group said in a report on Wednesday. “Silver is singing to gold that old refrain: 'anything you can do, I can do better',”...

Red Back-Moto deal positive all round – RBC

Vancouver-based Red Back Mining's proposed acquisition of Moto Goldmines should benefit both sets of shareholders, says RBC Capital Markets analyst Cailey Barker. The companies announced on Monday that each outstanding common share of Moto will...

Banro looking for big brother to help fund DRC gold mine

Canadian gold junior Banro Corp is looking for a strategic partner to take a stake of as much as 60%, possibly in the company itself or its flagship project, and assist in financing the construction and start up of the mine, says president and CEO...

Banro may be takeover target – RBC

Canadian gold hopeful Banro is a potential takeover target, because of its low market value, plus the difficulties the firm is likely to face in raising money for working capital, let alone project development, RBC Capital Markets analyst Cailey...

Katanga shareholders OK big increase in authorised share capital

Shareholders in Katanga Mining have approved an increase in the authorised share capital of the company, effectively giving the go-ahead for a convertible loan from shareholder Glencore International. The two companies confirmed later on Monday...

Cash-flush Anvil may consider acquisitions

Copper-miner Anvil Mining will certainly consider acquisition opportunities, in the Democratic Republic of Congo as well as the rest of Africa, but for now is mainly focused on completing its Kinsevere Stage II project, investor relations VP...

Katanga could become takeover target – RBC analyst

TSX-listed Katanga Mining has “outstanding value growth” and could become an acquisition target within a couple of years, RBC Capital Markets analyst Cailey Barker wrote in a research note published this week. Barker initiated coverage of...