south-africa

Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania’s woes — CEO

The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as a low, would see the world’s second largest gold miner buying the remaining 35% of the African miner it does not already own, at a discount.

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Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

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South African court clears way for Sibanye’s acquisition of Lonmin

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

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Sibanye-Stillwater in good financial, political position to negotiate wages – Report

Despite its fraught relationship with with the Association of Mineworkers and Construction Union, experts say recent developments play in favour of the company.

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