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Acacia investor Odey against any 'best and final' offer from Barrick

By: Reuters     14th June 2019 British hedge fund Odey Asset Management said on Thursday it would reject any offer from Barrick Gold for its stake in Acacia Mining that is framed as "best and final", becoming the second Acacia investor to publicly oppose the Canadian mining giant's buyout proposal. "Odey is not rejecting any... 

Pot takes the spotlight away from lithium and threatens the EV boom

By: Bloomberg     13th June 2019 Lithium miners are seeing investor interest go up in smoke. The flow of capital into the cannabis industry is draining investments into lithium producers that supply the raw mineral key to power the electric-vehicle revolution 

Barrick participates in Midas Gold offering

By: Creamer Media Reporter      11th June 2019 The world’s second largest gold miner, Barrick Gold, on Tuesday announced that it would acquire shares in US-focused Midas Gold as part of the Vancouver-headquartered junior’s public offering of shares announced the previous day. Barrick currently owns 46 551 731 shares of Midas, representing... 

Gold giants battling to lure back investors who fled industry

By: Bloomberg     10th June 2019 What’s better than GOLD? In the wake of two mega-mergers that have reset the gold industry, one small detail has delighted Mark Bristow, Barrick Gold's CEO: His company’s ability to secure the rights to trade its stock under the ticker GOLD in New York. 

Papua New Guinea PM says resources reforms will take years

By: Reuters     5th June 2019 New Papua New Guinea Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country's natural resources sector on Wednesday, but said major reform would not take effect for years. That will come as a relief for oil giants such as France's Total and... 

Argentine court denies challenge to law against mining on glaciers

By: Reuters     5th June 2019 Argentina's Supreme Court on Tuesday shot down a challenge to an environmental law banning mining in glacial areas that had been brought by Canadian miner Barrick Gold. "The challenge posed by Barrick is ruled inadmissible," according to the ruling. 

Rejection of Barrick bid is 'no brainer', top Acacia investor says 

By: Reuters     3rd June 2019 Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it. The comments in an interview are the first public response from one of... 

Tanzania says Acacia won't be allowed any role in country 

By: Bloomberg     28th May 2019 Tanzania will no longer allow Acacia Mining to manage its mines in the country and will only work with the company’s parent, Barrick Gold, to resolve the two-year impasse that has stymied operations, a government spokesman said. “We will no longer work with Acacia,” Hassan Abbasi said Tuesday by... 

Earthquake rattles northern Peru near gold and copper mines

By: Bloomberg     27th May 2019 A magnitude 8.0 earthquake struck northern Peru early Sunday near copper and gold mines, prompting officials to activate emergency protocols. The quake hit at 2:41 a.m. local time, according to the European-Mediterranean Seismological Centre. The US Geological Survey put the epicenter at 75 km... 

Barrick CEO says nothing exploitive in play for Acacia shares  

By: Bloomberg     27th May 2019 A low-ball proposal by parent Barrick Gold to buy out Acacia Mining is an “appropriate” and “elegant” solution to a two-year dispute that has devastated the relationship between the global miner and one of its African subsidiaries, Barrick’s CEO says. Barrick is not prepared to consider raising... 

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