Tag Archives: assets

B2Gold keen on any African assets new Barrick may sell – CEO


TORONTO, Oct 12 (Reuters) – Canada’s B2Gold Corp is interested in any West African assets that Barrick Gold Corp may put up for sale after its acquisition of African miner Randgold Resources Ltd, B2Gold’s chief executive said.

B2Gold, whose stock rose as much as 3 percent on Friday following better-than-expected quarterly production results, is “definitely interested” in any projects considered noncore under the new Barrick, CEO Clive Johnson said in an interview.

Under Barrick’s $6.1 billion all-stock deal to buy Randgold, the companies have said they will focus on their biggest and best assets globally and consider selling others.

“If there are opportunities in West Africa that don’t perhaps fit the new Barrick model, in terms of the size of project, or other things, then…

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B2Gold CEO says his company is keen on any West African assets Barrick Gold may sell


Canada’s B2Gold Corp. is interested in any West African assets that Barrick Gold Corp. may put up for sale after its acquisition of African miner Randgold Resources Ltd., B2Gold’s chief executive says.

B2Gold, whose stock rose as much as 3 per cent on Friday following better-than-expected quarterly production results, is “definitely interested” in any projects considered non-core under the new Barrick, B2Gold CEO Clive Johnson said in an interview.

Under Barrick’s US$6.1-billion all-stock deal to buy Randgold, the companies have said they will focus on their biggest and best assets globally and consider selling others.

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“If there are opportunities in West Africa that don’t perhaps fit the new Barrick model, in terms of the size of…

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South32 kicks off sale process for South African coal assets


South32 has kicked off the sale process for its South African thermal coal operations, opening a data room for potential buyers.

The miner, which was spun out of BHP Billiton in 2015, separated the unit from the rest of the business earlier this year in preparation for a sale.

Chief executive Graham Kerr said South32 has received several unsolicited offers for the unit, known as South African Energy Coal, and would spend the next five to six weeks talking to potential bidders and firming up interest.

Exxaro Resources, Seriti Resources and Phembani Holdings are among the companies reported to be interested in buying the business. Macquarie is helping to manage the sale process for South32.

Mr Kerr said South32, which is shifting away from thermal coal, was not in a hurry to sell the unit,…

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Scythian Announces Strategic Sale of Latin American and Caribbean Assets in $193,000,000 Deal to Aphria TSX Venture…


Sale of Assets Transforms Scythian Into a Highly Liquid and Well Capitalized Company with Over $200 million in Cash and Marketable Securities on Hand

Allows for Additional Transactions in Line with Scythian’s Strategic Transformation to a Global Cannabis Leader

TORONTO, July 17, 2018 (GLOBE NEWSWIRE) — Scythian Biosciences Corp. (the “Company” or “Scythian”) (TSXV:SCYB) (Frankfurt:9SB) (OTC – Nasdaq Intl:SCCYF) is pleased to announce that it has entered into a strategic deal with Aphria Inc. (TSX:APH) (“Aphria”), a leading global cannabis company, for Aphria to acquire Scythian’s Latin American and Caribbean assets. It is expected that the Company’s strategic relationship with Aphria will provide leverage for early stage investments in emerging international markets.

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Conoco to depose Citgo in hunt for PDVSA’s Caribbean assets | News


By Liz Hampton

HOUSTON (Reuters) – ConocoPhillips moved to bring Venezuelan PDVSA’s U.S. refining unit Citgo Petroleum into its legal battles to enforce a $2 billion arbitration award against the South American country’s nationalization of its Venezuelan assets.

A U.S. district court judge in Houston on Thursday ruled Conoco can depose Citgo as preparation for a court case against PDVSA and others over alleged asset transfers in the Caribbean that Conoco claims were designed to frustrate its efforts to obtain payment under an International Chamber of Commerce (ICC) award.

Citgo declined to comment, citing a policy regarding ongoing litigation.

Conoco is pleased with the court’s decision, spokesman Daren Beaudo said in a…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Market Rout Sends African Assets From the Rand to Bonds Reeling


The emerging-market sell-off is taking a heavy toll on Africa.

The continent’s bonds and stocks are being hammered more than those in most other regions amid a rout that’s wiped over $1 trillion off developing nations’ equity markets this quarter and sapped confidence from Brazil to China.

Africa’s status as the world’s fast-growing continent after Asia has done little to spare it, as traders’ appetite for higher yields wanes and they rush to cut exposure to the riskiest markets. The downturn, triggered by investor concerns over a strengthening dollar and rising U.S. Treasury rates, has accelerated as tensions worsen between Washington and Beijing over trade.

Since the end of March, African Eurobonds,…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.