July 10 Canada's Hudbay Minerals Inc said on Wednesday that Chief Executive Officer Alan Hair has stepped down after more than 20 years with the company and named Peter Kukielski, who was backed by its second largest investor in a proxy battle, as interim CEO.
Tanzania's largest gold miner Acacia Mining Plc said on Tuesday it is worth more than a buyout proposal by majority shareholder Barrick Gold Corp values it at, and extended the deadline for a firm bid to July 19.
TORONTO, July 4 The dip in corporate deals activity in Canada in the first half of 2019 is likely to continue into the third quarter as economic uncertainty creates market volatility and asset valuations remain elevated, according to bankers and lawyers.
Acacia Mining on Monday strongly disagreed with majority shareholder Barrick Gold Corp's valuation of the company, saying Barrick's proposal undervalued its life of mine plans and appears to have ignored the value of its exploration and development assets.
TORONTO, June 19 Barrick Gold Corp said on Wednesday that comments by Chief Executive Mark Bristow that he had no intention of discussing a higher buyout offer for the company's African unit with its minority shareholders should not be considered a "no-increase statement."
Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.
TORONTO/LONDON Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer.
TORONTO/LONDON, June 17 Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer.
TORONTO/LONDON British hedge fund Odey Asset Management said on Thursday it would reject any offer from Barrick Gold Corp for its stake in Acacia Mining Plc that is framed as "best and final," becoming the second Acacia investor to publicly oppose the Canadian mining giant's buyout proposal.
LUSAKA/LONDON/TORONTO Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters.
Iran and the United States sent mixed signals on Tuesday about resolving their disputes as Iran's supreme leader threatened to further breach the 2015 nuclear deal while the U.S. president cited "a lot of progress."