$50-million to be spent on exploration as part of Lumwana expansion

Gold miner Barrick Gold says it expects to spend about $50-million on exploration this year as part of a first-stage feasibility study for the expansion of its Lumwana copper mine.

Barrick says Equinox a ‘unique opportunity’ but gold remains focus

World number-one gold miner Barrick Gold, which paid C$7.3-billion for copper miner Equinox this year, said on Tuesday that it continued to look at possible acquisitions to add to its gold portfolio. Speaking on the sidelines of this year’s...

Barrick executives appointed to Equinox board

Five Equinox Minerals board members resigned on Friday, as Canadian gold major Barrick Gold’s offer for the ASX- and TSX-listed company became unconditional. Co-founder and CEO Craig Williams, as well as David McAusland, David Mosher, Jim...

Zambia clears Barrick acquisition of Equinox

The Zambian competition regulator has unconditionally approved Barrick Gold's acquisition of Equinox Minerals, Toronto-based Barrick said on Tuesday. The company said on Friday that it had received “conditional” approval for the deal from the...

Minmetals says won't bid for Equinox after Barrick offer

Hong Kong-listed Minmetals Resources (MMR) has withdrawn intentions to make an offer for Equinox Minerals, following a C$7,3-billion counterbid from Canadian gold miner Barrick Gold. The company said it will not get into a bidding war with...

Barrick seizes 'rare' chance to scoop up Equinox, positive on copper

Gold giant Barrick Gold has agreed to buy Equinox Minerals, a copper miner, in a C$7,3-billion cash deal that will at least double the group's production of the industrial metal, but CEO Aaron Regent said on Monday that the news did not suggest...

Equinox meeting to consider Lundin deal postponed to May

ASX- and TSX-listed Equinox Minerals on Thursday postponed its special shareholders meeting to consider the acquisition of Canada’s Lundin Mining. The meeting, which was previously scheduled for April 26, has now been postponed until May 6.

Lundin slams Equinox rejecting Minmetals as 'hypocritical'

Lundin Mining threw a few more punches on Tuesday in its war of words with rival Equinox Minerals, describing Equinox's rejection of a takeover bid from Minmetals Resources as “hypocritical”. Lundin itself is fighting off a hostile offer from...

Minmetals to launch formal Equinox offer before month-end

China’s Minmetals could make a formal offer for ASX- and TSX-listed Equinox Minerals in the next three weeks. A spokesperson for Minmetals told Mining Weekly Online on Friday that the formal offer would be launched before Equinox’s takeover...

Minmetals announcement 'opportunistic' – Equinox CEO

Equinox Minerals will not officially respond to suitor Minmetals Resources until the Hong Kong-based firm makes a formal offer, but Equinox CEO Craig Williams said on Thursday that the timing of Minmetals' announcement earlier this week was...

Equinox postpones shareholder meeting, extends Lundin offer

Equinox Minerals, the subject of an unsolicited takeover bid from China's Minmetals, said on Monday it has postponed a shareholder meeting for a vote on its own hostile offer for rival Lundin Mining. Shareholders will now vote on the Lundin bid...

Minmetals makes surprise C$6,3bn cash offer for Equinox

Hong Kong-listed Minmetals Resources has declared its intention to make a C$6,3-billion cash offer for ASX- and TSX-listed Equinox Minerals, on condition that that company drops its takeover bid for Canadian miner Lundin Mining. Minmetals is...