African mining Tag

AIM-listed explorer IronRidge Resources has sharpened its focus on its core African portfolio with the sale of the May Queen gold project in Queensland, Australia. The non-core asset will be taken over by Australasian Gold in return for 4.5 million shares of the Australia-focused gold explorer....

Canada’s Endeavour Mining has dropped its plan to acquire Egypt-focused Centamin for US$1.9 billion as it did not get enough information on the latter’s assets during an assessment. Centamin’s sole operating asset is the Sukari Gold Mine, located in the Eastern Desert approximately 700 km from...