Media Room

Anglo American delivers on 2019 production targets

Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth quarter, led by the continued successful ramp-up at the Minas-Rio iron-ore mine, in Brazil.

Gold Fields hires adviser to sell stake in Chilean gold project - sources

South African miner Gold Fields has hired investment bank RBC Capital Markets to explore the sale of a 30% stake in its gold project in northern Chile, two sources said.

The gold sector has seen two multi-billion dollar takeovers over the last 18 months and bankers and investors say a buoyant gold market could drive further activity.

Independence offer lapses

Metals miner Independence Group’s takeover offer for fellow listed Panoramic Resources has lapsed, with Independence saying on Monday that the acceptance from all Panoramic shareholders who took up the offer, would now be cancelled.

Independence in November announced A$312-million takeover offer for Panoramic, offering one of its own shares for every 13 Panoramic shares held.