Catégorie : Investments

RDC-FMI: le litige sur le contrat entre la Gécamines et la Comide en voie d’être réglé

Mining

Une vue des Usines de Lubumbashi (MNM Pic) Le différend autour des contrats signés entre la Gécamines et l’entreprise minière Congolaise des mines et de développement (Comide), qui a empêché le renouvellement des programmes économiques du FMI en RDC, a été résolu. Le président du Conseil d’administration de la Gécamines, Albert Yuma, et le gouverneur de la Banque centrale du Congo (BCC), Jean-Claude Masangu l’ont annoncé, jeudi 4 avril. Ils faisaient, devant la presse à Kinshasa, le point de leur mission effectuée au siège du FMI aux USA, du 25…

First Quantum seals $4.9 billion Inmet takeover

Mining

(Reuters) – First Quantum said Friday in a statement that a total of 60.1 million Inmet shares, representing about 85.5% of outstanding shares, had been tendered in favor of its offer. First Quantum Minerals Ltd said on Friday it secured enough shareholder support to take over rival Inmet Mining Corp in a C$5.1 billion ($4.98 billion) deal.

George Soros raises gold ETF holdings by half, nearly triples Freeport stake

Mining

While the Soros and Paulson funds remain bullish on gold, major gold ETF shareholder Windhaven dropped its SPDR Gold holdings during the third quarter.   RENO (MINEWEB) – Billionaire fund manager George Soros increased his stake by half in the SPDR Gold Trust while fellow billionaire fund manager John Paul maintained his holding in the world’s largest gold bullion-backed ETF.

First Quantum ‘surprised and disappointed’ at Inmet Mining’s rejection of C$4.86b offer

Mining

While some suggest First Quantum Minerals may not want to engage in a hostile takeover of Canadian copper miner Inmet, additional offers could be forthcoming from other companies. First Quantum Minerals confirmed Thursday that it had approached Inmet Mining on October 28th “on a friendly basis to discuss a possible combination of the two mining companies.