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Andean Resources LTD (AND) |
Mining Weekly
May 17
Comment
ASX- and TSX-listed Marengo Mining has been forced to consider alternate sources of power for its proposed Yandera copper/molybdenum/gold project, in Papua New Guinea, after the preferred third-party supplier decided to withdraw from the supply...
Mining Weekly
May 15
Comment
TSX- and JSE-listed diamond miner Rockwell Diamonds has completed a prefeasibility study for its Wouterspan alluvial diamond project, which is central to its Middle Orange River strategy.
The study indicated “positive economics, sufficient to...
Mining Weekly
May 2
Comment
Negotiations between ASX- and JSE-listed Firestone Energy and potential funding partners were “progressing”, the coal exploration company reported on Thursday. Firestone noted, however, that negotiations were not yet at a stage where it could...
Mining Weekly
Apr 29
Comment
South Africa-focused platinum developer Nkwe Platinum has signed an agreement with China’s Zijin Mining to jointly develop the flagship Garatau project.
The ASX- and JSE-listed Nkwe said on Monday that, under the terms of the agreement, Zijin,...
Mining Weekly
Apr 22
Comment
Dual listed gold miner Troy Resources has secured A$40-million in funding to fund the takeover of fellow listed Azimuth Resources, and to fund ongoing work on that company’s West Omai deposit.
Earlier this year, the ASX- and TSX-listed Troy...
Mining Weekly
Apr 19
Comment
Coal developer Firestone Energy has made an application to the Australian Takeovers Panel, seeking a declaration of unacceptable circumstances in respect of the hostile takeover offer made by fellow ASX-listed Range River Gold. The ASX- and...
Mining Weekly
Apr 17
Comment
Construction activities at ASX- and JSE-listed Resource Generation’s (Resgen’s) Boikarabelo mine were making good progress, with initial activities including the establishment of site infrastructure, roadworks and water and power connections....
Mining Weekly
Apr 16
Comment
TSX- and NYSE-listed Dominion Diamond says total production from its 40% owned Diavik diamond mine rose by a fifth during the first three months of the year, mainly as a result of improved grades in each of the kimberlite pipes.
Production at the...
Mining Weekly
Apr 16
Comment
ASX- and JSE-listed Firestone Energy has entered into discussions with interested parties regarding future funding. The company, which is currently the takeover target of fellow ASX-listed Range River Gold, indicated that it was currently in the...
Mining Weekly
Apr 15
Comment
TSX- and JSE-listed Rockwell Diamonds has agreed to sell its Klipdam mine and associated properties to a private alluvial diamond miner for a total cash consideration of R23-million. In addition to the earnings from the sale of the operation’s...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS| This company has recently been acquired or received a credible acquisition offer. |
TOP CONTRIBUTORS
In September 2010 Goldcorp approached Andean Resources with a $3.6 billion takeover offer. Since then the deal has won shareholder approval from the boards of both companies. Andean has a 100% interest in Argentina's Cerro Negro Gold project, that also attracted the attention of Eldorado Gold which also attempted to buy Andean for $3.4 billion.[1][2]
Andean Resources was Australia's second largest gold miner.[3] The Cerro Negro gold mine has 2.1 million ounces of gold and 20.6 million ounces of silver.[2]
References
- ↑ Goldcorp says gets requisite shareholder majority for Andean buy (2010-12-03).
- ↑ 2.0 2.1 Eldorado, Goldcorp vie for Andean Resources (2010-09-03).
- ↑ Cerro Negro gold prospects may draw predators to Andean Resources (2010-09-07).
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