Franco-Nevada sees 'very active' royalty market

The market for resources royalties is “very active right now”, Franco-Nevada CEO David Harquail commented on Tuesday. Toronto-based Franco-Nevada, which has gold, platinum-group metals, base-metals, oil and gas assets, announced earlier in...

Canadian trio merge to form new mid-tier gold firm

Canadian gold firms Metallica Resources, Peak Gold and New Gold have agreed to combine their businesses under New Gold, the companies said on Monday. The merged entity will own three operating gold mines, in Australia, Brazil and Mexico, and...

SA gold major to appeal Aussie ruling

The world’s largest gold-miner, AngloGold, has stated that it intends to appeal the decision of the Australian Takeovers Panel in respect of its application relating to the provision of special benefits by Newmont to Franco Nevada in...

Oz investment board approves gold firm’s acquisition

The world’s largest gold producer, AngloGold, received approval from Australia’s Foreign Investment Review Board (FIRB) for its proposed acquisition of Normandy Mining.

Anglo sticking to its guns on Normandy offer

At a general meeting of AngloGold shareholders held in Johannesburg yesterday, there was a 99.3% vote in favour of the company’s bid for the acquisition of Normandy Mining. The world’s largest gold producer, AngloGold is disappointed...

SA’s gold No 2 uses purchase to lower risk profile

South Africa’s second-largest gold producer, Gold Fields, will produce more than a quarter of its output from opencast reserves once its proposed $232-million acquisition of the St Ives and Agnew mines from Australia’s WMC Resources is...