Shandong Gold Group
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Agnico snaps up Nunavut miner TMAC in $287M friendly deal
Only two weeks after the federal government blocked a takeover of struggling Nunavut gold miner TMAC Resources by China’s Shandong Gold Mining, TMAC has found itself in the arms of a Canadian white knight – Agnico Eagle Mines. On Jan.…
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Cardinal beckons third party bidder amid takeover stalemate
Cardinal Resources released a statement on Wednesday expressing its disappointment with the Australian Takeovers Panel’s decision not to intervene in the takeover battle between Shandong Gold and Nordgold, which has hit an impasse due to the conundrum surrounding statements made by…
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Nordgold-Shandong bidding war intensifies on ‘misleading’ statement from Cardinal
A long-running battle between Nordgold (LSE: NORD) and China’s Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application to Australia’s Takeovers Panel that accuses the takeover target of…
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Shandong Gold takeover of TMAC to undergo national security review
Months after shareholders of TMAC Resources approved a takeover of the company by China’s Shandong Gold Mining, the federal government has ordered a national security review of the transaction. The US$149-million, $1.75-per-share deal was announced in May, with more than…
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MINING PEOPLE: Canada Silver Cobalt, GoldMining, Ivanhoe, Shandong, US Gold
Management appointments announced this week include: Clean Air Metals has named Allan MacTavish as VP and project manager for the company’s Thunder Bay North project. Robert Winton has joined Excelsior Mining as general manager and senior VP of the Gunnison…
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GOLD: Shandong Gold ups offer for Cardinal
GHANA – Australia-based Cardinal Resources announced on Wednesday it has received an improved takeover offer from China’s Shandong Gold. The new proposal from Shandong Gold follows a recent takeover bid launched by Russia’s Nordgold, whose chairman is currently Cardinal’s largest shareholder. The Russian…
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Shandong Gold to buy TMAC Resources for US$149M
In the latest Chinese acquisition of a Canadian gold miner, Shandong Gold is buying TMAC Resources (TSX: TMAC) and its Hope Bay gold project in Nunavut for US$149 million. The news follows Zijin Mining’s acquisition of Continental Gold in March for C$1.3…
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COPPER-GOLD: TSXV greenlights ATEX’s acquisition of Chilean copper project
CHILE – ATEX Resources received conditional approval from the TSX Venture Exchange for its acquisition of the Valeriano porphyry copper-gold project, located in Chile. The decision means that ATEX shares will again commence trading on the TSXV on December 5,…
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GOLD: Barrick to buy Randgold creating $18B company
TORONTO – Barrick Gold has made an all-share offer worth US$6 billion for Randgold Resources. The merger, subject to the approval of both companies’ shareholders, will create an industry leading gold miner with a combined market cap of US$18 billion.…
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GOLD: Barrick, Shandong strengthen co-operation
TORONTO – Barrick Gold says it has enhanced the strategic co-operation agreement between it and Shandong Gold Group Co. The new document builds on an April 2017 agreement when Shandong acquired 50% of Barrick’s Veladero gold mine in Argentina. The…
