After bagging Citadel, Equinox now pursues Lundin

Australian copper miner Equinox which increased its stake in Citadel Resources, a base metals and gold company with exploration projects in Saudi Arabia, to 90,59% in January, has announced a bid to take over Toronto-based Lundin Mining.

Lumwana to produce 145 000 t in 2011 – Equinox

ASX- and TSX-listed Equinox Minerals expects its Lumwana mine in Zambia to produce 145 000 t of copper concentrate this year. This is after the mine produced 146 690 t of copper concentrate in 2010.

Equinox now owns 90,59% of Citadel

ASX- and TSX-listed Equinox Minerals is one step closer to gaining full ownership of Citadel Resources after increasing its stake in that company to 90,59%. Equinox declared its $1,25-billion offer for Citadel unconditional in December, after its...

Equinox posts $71m profit, Lumwana output up

ASX- and TSX-listed copper producer Equinox Minerals, which operates the Lumwana mine in Zambia, returned to profit in the third quarter. Equinox, which made a A$1,25-billion bid for Citadel Resources, posted an after-tax profit of $71,2-million...

Equinox makes A$1,25bn bid for Citadel

TSX- and ASX-listed Equinox Resources on Monday made a A$1,25-billion share-and-cash takeover offer for Australia-based Citadel Resources. The board of Citadel has unanimously recommended that shareholders accept the Equinox offer, in the absence...

Citadel reports new resource estimate for Saudi Arabia project

Emerging gold and base metals producer Citadel Resources has increased the resource estimate at its Jabal Sayid Lode one copper ore body, adjacent to the Jabal Sayid project, in Saudi Arabia. The measured, indicated and inferred resource for the...

Citadel says Saudi Arabia project cost rises to $305m

The project development costs for Citadel Resources’ Jabal Sayid copper/gold project, in Saudi Arabia, have increased almost 9% to $305-million, the gold and base-metals project developer said on Wednesday. ASX-listed Citadel said that the...

Citadel buys out partners in Saudi Arabia copper/gold project

Emerging gold and base-metals producer Citadel Resources plans to take full ownership of the Jabal Sayid copper/gold project, in Saudi Arabia. Citadel would pay its joint-venture (JV) partners Abdul Hadi Al Qahtani and Partners Maritime and...

Citadel seeks A$250m for Saudi Arabia mine, other costs

ASX-listed Citadel Resources was looking to raise up to A$250-million through an entitlement offer to existing shareholders. Citadel said in a statement on Monday that it would use the funds raised from the rights issue for the development of its...

Citadel to build base-metals mine in Saudi Arabia

Gold and base-metals producer Citadel Resources has been granted a mining licence for the Jabal Sayid copper/gold project, in Saudi Arabia. MD Inés Scotland said that it would immediately start with the development of Saudi Arabia’s first...

Citadel to commission Saudi Arabia project in 2011

ASX-listed gold and base-metals producer Citadel Resources on Thursday reported that its Jabal Sayid copper/gold/zinc project, in Saudi Arabia, would be commissioned in 2011, with early site works and construction starting in January 2010. The...

Citadel appoints advisers to arrange financing for Saudi copper project

Emerging gold and base metals producer Citadel Resources has signed a joint mandate with financial institutions Riyad Bank and WestLB Ag, to act as joint lead advisers to arrange the debt financing of the Jabal Sayid copper project, in Saudi...