Shanta Gold board gives support to $141m all cash takeover offer
TANZANIAN gold mining company Shanta Gold said in December it had received a $141.95m all-cash takeover offer effectively taking the company private. The offer, equal to 13.5…
Uranium listing shows SA’s junior mining is still kicking
ONE thing resource miners have in spades is optimism. Take South Africa’s latest digger, Neo Energy Metals, which is hoping to build a uranium mine in the Northern Cape. Dubbed…
Techmet takes $50m option in Rainbow’s Phalaborwa project
TECHMET, an investment company chaired by Brian Menell, could take a 15% to 33% stake in Rainbow Rare Earths’ Phalaborwa project after being granted a $50m, three-month option in…
Shanta to average over 100,000 oz/year after commissioning second mine, Singida
SHANTA Gold has forecast average annual gold production of 103,000 ounces over the next five years with potential for expansion from its recently commissioned Singida mine.…
Shanta Gold says commercial production from Singida signals “inflexion point”
SHARES in Shanta Gold edged up 2% in London today after the firm announced the beginning of commercial production at its Singida mine in Tanzania. CEO Eric Zurrin described the…
Shanta Gold’s Zurrin says West Kenya project to add “high margin cash flow”
SHANTA Gold shares were on the move in early London trade following an upgrade to gold reserves at its West Kenya project. The stock was just under 4% higher taking year-to-date…